Insignius Capital and NFT Tech hold shared vision for NFT future
The Qatar branch of Insignius Capital, a digital asset focused venture capital company, has made a significant investment in NFT Tech. NFT Tech is building the infrastructure for the next major iteration of the NFT marketplace structure.
To date, the NFT market has been wildly inefficient and largely illiquid. The marketplace has been extremely fragmented with a myriad of exchanges providing widely varying trading environments. NFT Tech is changing this by launching the first NFT exchange matching engine that can be adopted across the current marketplace.
Insignius Capital has an exemplary track record of backing some of the most disruptive digital projects. The company allocated significant early-stage investments to some of the most successful projects including Polkadot, ACDX, and FTX.
Insignius Capital has made this latest investment in NFT Tech as both companies share a common vision for the future of the NFT market. Both acknowledge that illiquidity is the most pressing problem in the current NFT marketplace with countless investors suffering significant devaluations in their assets and sometimes suffering a complete loss.
Moreover, both Insignius Capital and NFT Tech foresee the NFT market size surpassing the market capitalization of the entire altcoin market. NFTs provide a bridge to mainstream cryptocurrency adoption, with globally recognized enterprises like Nike, Formula 1 and Louis Vuitton considering implementations of the technology. With altcoins currently trading at a combined value of roughly $650 billion, the NFT market remains in its nascent phase and infrastructure offerings like NFT Tech will advance and bring further value to this asset class.
