Unique Network, the NFT chain built for Polkadot and Kusama, has raised over $11.2 million from 7,900 supporters in their public sale. The sale of tokens was launched for the community and participation in the sale required completion of a KYC process in advance. The sale launched on January 12th and finished on January 13th.
Non-fungible tokens (NFTs) are transforming industries from art, to gaming, to real estate and more. Generating value and offering increased utility with increased application of the technology will be key to the success of NFTs this year and protocols, like Unique Network, are positioning themselves in the center of the NFT action. Unique Network is an innovation team of experts providing users and organizations with a technologically advanced ecosystem for NFT development and distribution. It has a solid reputation in the blockchain arena with investors from some of the biggest players in the market.
What is the UNQ token?
UNQ is the utility and governance token for the Unique Protocol. It will be used as an exchange of value between users of Unique Network features. UNQ token will allow payment for transactions and staking as the Unique Network ecosystem grows. The token utility will evolve as Unique delivers more advanced, scalable infrastructure.
As a trusted middleware provider, Unique Network is providing the infrastructure that will enable all kinds of NFT projects to realize their potential. Operating on Substrate, users of Unique Network’s advanced features can operate their own marketplaces, smart contracts and NFT interoperability with various structures of ownership.
“We are overwhelmed by the support of our community. Almost 8000 community members joined the raise. This to me shows their belief in advanced NFT tools and tech we are building. It is also an affirmation of the fact that, as an industry, we are ready to do a lot more with NFTs that are beyond collectibles.
“We now want to be focused on ecosystem development and going live with the Unique Network chain on Polkadot in the second quarter of 2022,” says Aleksandar Mitrovic, CEO, Unique Network.
The team at Unique Network is committed to providing next-generation NFT technology that will allow the developer community to create the foundations needed for organizations wishing to get involved in the world of NFTs.
CryptoSlate Newsletter
Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.
Get an edge on the cryptoasset market
Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.
On-chain analysis
Price snapshots
More context
Discussion about this post