Only1, An NFT-Focused Social Media Programme, Raises $1.3 Million In Calculated Financing Round
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The Only1 is a social media programme that is run by Non-Fungible Tokens (NFTs). It has been able to raise from a calculated financing round, the sum of $1.3 million. This particular round involved many angel investors, and included big names like PetRock Capital, Modular Capital and Folius Ventures.
After this particular calculated financing round, Only1 has been able to successfully gather funds of about $4.8 million.
Only1 was built on the Solana blockchain, and it is a site focused on content membership. On it's site, Only1 uses Customer Relationship Management (CRM) tools, and a payment settlement layer that is decentralized. The purpose for both these features, is to help creators and institutions combat challenges.
The Only1 programme is run on blockchain technology. As a result, this helps create a novel solution for people who create contents, and this helps them to monetize their product; by utilizing the benefits of a decentralized system.