BALI, Indonesia, June 21, 2022 /PRNewswire/ — Ekta, one of many first Layer-1 blockchain firms that bridges actual world bodily and tangible property to blockchain has secured $60m in an funding dedication regardless of a downturn available in the market. With this funding dedication from GEM Digital Restricted (GEM), Ekta is about to proceed constructing its ecosystem of platforms and merchandise that join actual world utility and worth to finish customers.
Ekta began in 2021 within the midst of COVID as a response to the financial disaster stemming from the worldwide pandemic. Headquartered in Bali, Indonesia, the founding staff noticed a chance to decentralize actual world property by blockchain know-how and provide streamlined entry to displaced communities, particularly in Ekta’s residence area of Southeast Asia.
“We’re honored to have GEM within the Ekta household as we share an analogous imaginative and prescient of how blockchain know-how should evolve to really make an influence on the lives of on a regular basis folks,” mentioned Berwin Tanco, Ekta Founder and CEO. “Whereas 10% of individuals on the web maintain crypto, we goal at onboarding the following 10% by constructing true utility and worth for them.”
Since its begin, Ekta has been constructing an ecosystem of platforms and merchandise, together with a self-developed NFT market (Ekta NFT Market), a hybrid change (HYBEX), and NFTs backed by actual world utility with the mission of bettering lives and communities.
Ekta NFT Market
Whereas the NFT area exploded in 2021, the market has seen a correction resulting from lack of true utility for a lot of tasks. Ekta’s imaginative and prescient for its NFT market is to attach real-world property corresponding to property, treasured metals, music, media, and artwork on its platform.
Ekta Island is a primary instance of Ekta’s imaginative and prescient of asset-backed NFTs. Based mostly on an organization owned island simply 20 minutes from Bali named Gili Gede, Ekta Island consists of 16 hectares of land, 46 hectares of ocean in its bay, and 1 of 20 marina licenses issued in Indonesia. By NFTs, the Ekta staff is creating the island because the world’s first blockchain-fueled bodily area and providing fractional funding alternatives and entry to Web3 for on a regular basis folks.
Because the world’s first endpoint node that rewards operators with crypto, Ekta Portal is one other product by which Ekta is bridging the actual world with blockchain. By activating the gadget through an Ekta Portal NFT, operators can begin incomes from a each day rewards pool of 10,000 $EKTA. The rewards are divided by the variety of energetic operators, which means that the earlier you personal one, the extra you will earn. Proudly owning an Ekta Portal NFT auto whitelists holders for all of Ekta’s NFT choices together with Ekta Island and MetaTrees.
MetaTrees is a blockchain sport world the place gamers can earn crypto whereas additionally enjoying an energetic function in preserving real-world pure assets. Along with gripping lore and beautiful paintings, MetaTrees additionally incentivizes reforestation initiatives, each on Ekta Island and in partnership with environmental organizations.
The dedication of recent capital from GEM is a vote of confidence in Ekta’s imaginative and prescient of how blockchain know-how should tie again to actual world property in an effort to evolve. Ekta will use the brand new funding to proceed constructing Ekta’s technical groups and assets, and additional develop the Ekta NFT Market, NFT collections, and hybrid change.
To study extra about Ekta, go to its web site at https://ekta.io.
About Ekta: Based in 2021, Ekta is a blockchain that builds infrastructure for connecting blockchain with the bodily world. It focuses on integrating conventional industries and companies in addition to bodily property in order that the utility and worth of blockchain might be universally accepted by true utility in each day life. Ekta is in Bali, Indonesia. Its blockchain options embody a hybrid change (HYBEX), decentralized finance (DeFi), NFT marketplaces, and tokenization of actual world property. To study extra, please go to https://ekta.io.
About GEM Digital Restricted
GEM Digital Restricted is a digital asset funding agency. Based mostly in The Bahamas, the agency actively sources, buildings and invests in utility tokens listed on over 30 CEXs and DEXs globally.