The venture fund GTS Ventures, founded by entrepreneur Maxim Terekhov, invested in a $6 million round in the decentralized NFT platform Solv Protocol, which allows financial products of any complexity to be tokenized into NFTs.
Maxim Terekhov’s GTS Ventures fund invested in the startup Solv Protocol. Binance Labs, Blockchain Capital, IOSG, Spartan Group and others also participated in the $6 million round, a GTS Ventures representative said.
The Solv Protocol solution allows you to tokenize financial products into NFTs based on the ERC 3525 standard, in which all transaction terms will be specified at the smart contract level. The sale of assets is possible both on Solv Protocol’s own market and on the NFT platforms that are partners of the project.
Solv Protocol has a ready-made product: at its peak, the volume of funds locked in the protocol was $260 million.
Previously, GTS Ventures invested in two British crypto startups. Obscuro, a Layer2 rollup of the Ethereum ecosystem aimed at preserving transaction privacy, raised $5.8 million in one round. Smilee, a networking service for options and derivatives, raised $2 million.
Author:
Kirill Bilyk
Source: RB
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