Capsule Corp Labs, platform for the creation and development of utility NFTs, announces the completion of a seed round for an amount of 7.3 million euros, including 4.8 M€ in equity with Omnes, two specialized funds, REVAM and Digital Finance Group (DFG) and French business angels from the web3 ecosystem. The operation is completed by the sale of tokens from Ternoa ($CAPS), the parent company of Capsule Corp Labs, for €2.4 million. This amount is provided to Capsule Corp Labs as part of its development plan.
This financing round, which brings together expert investors in deeptech and web3, comes after the sale of 8 million Euros in 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 change scale by strengthening its R&D and expanding its teams, which currently number around thirty people, half of whom are developers.
Moving from Collector NFTs to Utility NFTs
Capsule Corp Labs brings a paradigm shift in the way NFTs are used. Despite their recent success and some spectacular examples, NFTs have so far been mainly collectors’ items, especially in the realm of luxury and art.
Capsule Corp Labs deploys NFT solutions on behalf of companies in all sectors, allowing them to integrate the web3 value proposition: ownership of data and digital assets, or federation and engagement of user communities.
A blockchain dedicated to NFTs
Capsule Corp Labs started its activity in 2022. It is the main integrator of Ternoa, a so-called “layer 1” blockchain infrastructure. Open-source and decentralized, it provides developers with an independent infrastructure that allows them to create useful NFTs.
Start-up studio and web3 consultancy
Both a start-up studio and a web3 consulting firm, 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 works very much like the art market, based on a scarcity value, we believe that NFTs will increasingly have a utility value. They will be used initially in the development of sectors such as video games, music and entertainment, or the metaverse, then gradually they will spread to other sectors of activity. Our role is to enable this transition from web2 to web3 which can be technologically complex”, explains Clément Téqui, CEO of Capsule Corp Labs and co-founder of Ternoa.
To web3 start-ups, 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 the development of NFT. Within 6 months, Capsule Corp. Labs has already supported 3 NFT start-ups in launching their product, enabling them to achieve several hundred thousand euros in sales each.
First use cases of utility NFTs
The second strategic axis is advice to companies in the implementation of their web3 solutions. “Our role is to identify with our customers the use cases for the NFTs of tomorrow and to take charge of their development”, indicates Clément Téqui. Capsule Corp Labs participated in the first half of 2022 in the launch of 20 Mint, the free media dedicated to the blockchain of 20 Minutes, which stood out for the success of the sale of 999 NFT typewriters which financed the operation. while bringing together a community of enthusiasts.
Capsule Corp Labs also supports Editis, one of the French publishing leaders, in identifying truly useful NFT use cases for its sector: collaborative editorial work tool, new book format or even animation of communities of readers. This work thus enabled the launch of Editis’ web3 transformation project.
For the not.IT technological endowment fund affiliated with the Notaries of France, Capsule Corp. Labs has designed and developed a solution for transmitting digital assets, notably allowing the storage of private content in NFTs and the definition of complex transfer protocols. The first model has been delivered and the project is in the process of being validated on a national scale.
Commissioned by Wonderbox gift box specialist, Capsule Corp. Labs has initiated a project to transform its customer relationship using NFTs. The collaboration also made it possible to identify solutions for securing the resale of virtual boxes.
Capsule Corp. Labs has also leveraged features specific to Ternoa NFTs, such as secret content, to augment the experience of an online sports game from a leading video game group.
“Our open-source infrastructure has been operational since April and open to all developers and entrepreneurs to create the NFT applications of tomorrow. This fundraising carried out by Capsule Corp Labs will make it possible to accelerate the development of the Ternoa ecosystem in France and in Europe”, explains Mickael Canu, CEO of Ternoa.
“Ternoa is one of the very few French layer 1 blockchains with a real underlying technological asset. With this investment, the Ternoa team will be able to offer Web3 start-ups ever richer functionalities, and become the benchmark European 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 since day one; its open source Tier 1 infrastructure is unique and nurtures a bold ecosystem for making utility NFTs. I am convinced that under the leadership of Mickael Canu and Clément Téqui, Ternoa and its community will take the lead in their sector in no time,” said James Wo, Founder and CEO of DFG.
“We are delighted to have been able to finalize this fundraising with Omnes, which is a recognized player in the financing of Deep Tech projects requiring significant investments in R&D. In a difficult market context, we will be able to continue to invest in the development of the Web3 infrastructures of tomorrow with our unique value proposition: to create a bridge between Web2 architecture and Web3″, adds Clément Téqui, CEO of Capsule Corp Labs. and co-founder of Ternoa.
Ternoa is an open source infrastructure blockchain, dedicated to the creation of utility NFTs
Among them, Ternoa makes it possible to create “secret” NFTs that make it possible to store and securely transmit data over the long term. Or NFTs that can be loaned, rented to third parties, or even split to allow shared ownership.
Omnes is a major player in private equity and infrastructure investment. With more than 5 billion euros in assets under management, Omnes provides companies with the capital they need to their development has? through its three core businesses: Venture Capital, Development & Transmission Capital and Infrastructure. Omnes is detained a? 100% by its employees. Omnes is committed to ESG issues. The society? created? the Omnes Foundation for children and young people. It is a signatory of the United Nations Principles for Responsible Investment (PRI).
An investment company at the service of blockchain and Web 3.0
Digital Finance Group (DFG) is a global blockchain and cryptocurrency investment firm. DFG was founded in 2015 and has assets under management of over $1 billion.
DFG is a global investment firm with over $1 billion in assets under management, focused on empowering blockchain and Web3 businesses. Since 2015, DFG has been committed to the long-term potential of blockchain technology and manages investments across the crypto ecosystem. DFG primarily manages three strategically dedicated funds: Venture Equity Fund, which follows traditional methods of investing in valuable CeFi service providers; Polkadot Ecosystem Fund, which empowers its Web3.0 innovation; Crypto Fund, which invests in promising early-stage solutions.
REVAM is a leading alternative fund manager focusing on cryptocurrencies, tokens and blockchain projects globally.
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Capsule Corp Labs raises 7.3 M€ in seed funding to create a leader in consulting and deployment of utilitarian NFT solutions
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