True Global Ventures Invests US$ 1.25 Million to Forza Ikonia, a Leading Walletless NFT Platform With Card Payments Targeting the Mass Market
Forza Ikonia has created a frictionless first buyer experience with card payments that’s more than five times quicker than Opensea and Rarible
True Global Ventures 4 Plus Fund Pte Ltd (True Global Ventures) has announced its 1,250,000 USD funding with Forza Ikonia to finance a vision of taking NFTs to the mass market with a frictionless first buyer experience using the eco-friendly Polygon blockchain technology.
The investment coincides with the release of MAUER (mauer.digital) – an NFT collection memorializing the Berlin Wall. MAUER consists of 10,316 NFTs, one for every day the Berlin Wall stood. 51% of the proceeds of the primary and secondary market go to charities that work for freedom, fairness and democracy.
Forza Ikonia has previously pioneered the concept of Emotion NFTs to illustrate the emotional experiences of athletes during important moments. The first release was by tennis legend Björn Borg and Ikonia has upcoming drops with several top-tier sports stars. Other near future projects include esports teams and influencers. The goal is to become the Y Combinator of NFTs, releasing at least one new NFT project per month.
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The secret sauce is a frictionless first buyer experience which is more than five times quicker than traditional NFT platforms like Opensea and Rarible. Forza is introducing a purchase process with streamlined card payment and automatic crypto wallet creation.
Creatives, brands and stars alike can now make end-to-end use of Forza’s platform to quickly and affordably launch green, mass-market NFTs with zero gas fees.
The NFT market has experienced a meteoric rise with over 10,000,000 NFTs sold to date, generating over US$10,000,000,000 in sales. It is driven by many factors including true digital ownership of sports memorabilia, gaming, appreciation of art and culture, etc.
With the recognition of the growth of NFTs and the platforms that enable them to target the masses, TGV4 Plus continues to invest in talented serial entrepreneurs through more equity funding rounds with globally ambitious blockchain start-ups. The fund is dedicated to blockchain companies, primarily in late-stage Series B and C across four verticals: Entertainment, infrastructure, financial services, data analytics / artificial intelligence (AI). The typical size of each investment ranges from US$3 million to US$10 million, together with entrepreneurs, business angels, family offices, and institutional investors, many with co-investment rights in future equity rounds.
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”With the investment we can further expand our commitment to the NFT art and collectibles market”, said Patrik Arnesson, CEO of Forza Ikonia.
”True Global Ventures is the perfect partner to Forza Ikonia and is a strategic fit to our plans to build a world-class NFT experience”, said Mikael Pawlo, chairman, Forza Ikonia.
”We strongly believe in the NFT market and have already many investments in the area. Forza Ikonia’s team and background is exactly the kind of drive and opportunity we are looking for”, said Dušan Stojanović, founder and director of True Global Ventures (TGV).
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