Capsule Corp Labs raises $7.3 million in seed funding to create a leader in consulting and implementing utilitarian NFT solutions

Capsule Corp Labs, platform for the creation and development of NFTs for utilities, announces the completion of a €7.3 million seed round, including €4.8 million in shares with Omnes, two specialist funds, REVAM and Digital Finance Group (DFG) and French business angels from the web3 ecosystem. The operation will be completed by the sale of tokens from Ternoa ($CAPS), the parent company of Capsule Corp Labs, for €2.4 million. This amount will be provided to Capsule Corp Labs as part of the development plan.

This funding round, which brings together expert investors in deep tech and web3, comes after the sale of $8 million worth of tokens in 2021 by Ternoa, parent company of Capsule Corp Labs, which is developing a blockchain specializing in utility NFTs. The operation will enable Capsule Corp Labs to scale by strengthening its R&D and expanding its teams, which currently consist of approximately 30 people, half of whom are developers.

Switching from Collector NFTs to Utility NFTs

Capsule Corp Labs is bringing a paradigm shift in the way NFTs are used. Despite their recent success and some spectacular examples, until now NFTs have mostly been collectibles, especially in the luxury and art fields.

Capsule Corp Labs deploys NFT solutions on behalf of companies in all industries, enabling them to integrate the web3 value proposition: ownership of data and digital assets, or federation and user community involvement.

A blockchain dedicated to NFTs

Capsule Corp Labs started operations in 2022. It is the main integrator of Ternoa, a so-called “layer 1” blockchain infrastructure. It is open source and decentralized and provides developers with an independent infrastructure to create useful NFTs.

Start-up studio and web3 consultancy

Both a start-up studio and a web3 consultancy, Capsule Corp Labs’ mission is to help companies of all sizes develop their business model on the Ternoa blockchain.

“Unlike the current NFT market, which is very similar to the art market, based on scarcity, we believe that NFTs will increasingly have a use value. They will initially be used in the development of sectors such as video games, music and entertainment, or the metaverse, and will gradually expand to other sectors of activity. Our role is to facilitate this transition from web2 to web3, which can be technologically complex,” explains Clément Téqui, CEO of Capsule Corp Labs and co-founder of Ternoa.

For web3 startups, Capsule Corp Labs offers a “business as a service” model by providing them with human and technological resources – developers, product managers, etc. to support them in developing NFT. Within 6 months, Capsule Corp. Labs has already supported 3 NFT start-ups in the launch of their product, enabling them to generate several hundred thousand euros in sales each.

First use cases of NFTs for utilities

The second strategic axis is advice to companies in the implementation of their web3 solutions. “Our role is to work with our clients to identify the use cases for tomorrow’s NFTs and take charge of their development,” said Clément Téqui. Capsule Corp Labs participated in the first half of 2022 in the launch of 20 Mint, the free media dedicated to the 20 Minutes blockchain, which stood out for the success of the sale of 999 NFT typewriters that funded the operation. community of enthusiasts.

Capsule Corp Labs also supports Editis, one of the French publishing leaders, in identifying really useful NFT use cases for its industry: collaborative editorial work tool, new book format or even animation of reader communities. This work enabled the launch of Editis’ web3 transformation project.

For the technological endowment fund not.IT, affiliated with the French notaries, Capsule Corp. Labs has designed and developed a solution for the transmission of digital assets, especially the storage of private content in NFTs and the definition of complex transfer protocols. The first model has been delivered and the project is currently being validated on a national scale.

Commissioned by Wonderbox gift box specialist, Capsule Corp. Labs has launched a project to transform its customer relationship using NFTs. The collaboration also made it possible to find solutions to secure the resale of virtual boxes.

Capsule Corp. Labs has also leveraged features specific to Ternoa NFTs, such as Secret Content, to enhance the online sports game experience from a leading video game group.

“Our open-source infrastructure has been operational since April and is open to all developers and entrepreneurs to create the NFT applications of tomorrow. This fundraising, conducted by Capsule Corp Labs, will allow to accelerate the development of the Ternoa ecosystem in France and in Europe,” explains Mickael Canu, CEO of Ternoa.

“Ternoa is one of the few French layer 1 blockchains with a real underlying technology asset. With this investment, the Ternoa team can offer Web3 startups increasingly rich functionality and become the European benchmark blockchain platform,” said Fabien Collangettes, Investment Director at Omnes.

“The concept of Business as a Service was first generated by Web2. Capsule Corp Labs innovates from this model and enhances it in a Web3 style that makes it easier for companies of all sizes to develop and launch their NFT products. DFG has had strong confidence in Ternoa from day one; its open source Tier 1 infrastructure is unique and nurtures a bold ecosystem for creating utility NFTs. I am confident that Ternoa and its community under the leadership of Mickael Canu and Clément Téqui will soon lead the way in their industry,” said James Wo, Founder and CEO of DFG.

“We are pleased to have completed this fundraiser with Omnes, a recognized player in the financing of Deep Tech projects that require significant investment in R&D. In a challenging market context, we will be able to continue to invest in developing the Web3 infrastructures of tomorrow with our unique value proposition of bridging the gap between Web2 architecture and Web3,” added Clément Téqui, CEO of Capsule Corp Labs. founder of Ternoa.

About Ternoa
Ternoa is an open source infrastructure blockchain dedicated to creating NFTs for utilities
Among them, Ternoa makes it possible to create “secret” NFTs that allow long-term storage and secure transmission of data. Or NFTs that can be loaned, leased to third parties or even split to allow for shared ownership.
www.ternoa.com/en

About Omnes
Omnes is a major player in private equity and infrastructure investment. With over $5 billion in assets under management, Omnes provides companies with the capital they need to develop? through its three core businesses: venture capital, development and transmission capital and infrastructure. Omnes is detained a? 100% by its employees. Omnes is committed to ESG issues. The community? created? Omnes Foundation for children and young people. It is a signatory to the United Nations Principles for Responsible Investment (PRI).
www.omnescapital.com

About DFG.
An investment company at the service of blockchain and Web 3.0
Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment company. Founded in 2015, DFG has over $1 billion in assets under management.
DFG is a global investment firm with over $1 billion in assets under management, focused on strengthening blockchain and web3 businesses. Since 2015, DFG has been committed to the long-term potential of blockchain technology and manages investments across the entire crypto ecosystem. DFG primarily manages three strategically committed funds: Venture Equity Fund, which follows traditional methods of investing in valuable CeFi service providers; Polkadot Ecosystem Fund, which powers its Web3.0 innovation; Crypto Fund, which invests in promising early-stage solutions.
https://dfg.group

About REVAM
REVAM is a leading alternative fund manager focused on cryptocurrencies, tokens and blockchain projects worldwide.
www.revam.com/about

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