Unikbase’s 2 Million Euro Funding for Valuable Asset Tokenization

02/22/2023 12:08 • Tech Trends • 80 views

On February 22, it was reported that the Web3 start-up Unikbase completed the financing of 2 million euros led by Weber Investments. Unikbase provides the tokenization service of physical valuables, creates a “digital passport” for valuables in the form of NFT, and loads the digital twin data into the NFT token to provide “proof of authenticity and ownership”. It mainly caters to insurance companies dealing with auction houses, second-hand antiques and other high-value commodity suppliers, as well as other life cycle services, such as storage, transportation, financing and resale.

Web3 startup Unikbase completed 2 million euro financing

Analysis based on this information:

Unikbase, a start-up based in the Web3 technology sector, has completed a 2 million euro financing round led by Weber Investments. The company offers a digital tokenization service for physical valuables, creating a “digital passport” through NFTs (Non-Fungible Tokens) that includes vital information such as ownership and authenticity. As insurance companies primarily cater to high-value commodity suppliers, including auction houses and second-hand antiques, Unikbase also offers lifecycle services such as storage, transportation, financing, and resale.

As technology advances, the tokenization of physical goods is becoming increasingly popular, and Unikbase is at the forefront of this movement. The company provides a frictionless and permanent digital record of physical ownership, surpassing the conventional practice of using physical documentation. Traditional documents, such as receipts and certificates of ownership, are prone to litigation, fraudulent activities, or issues with storage and authentication. Unikbase’s NFT-centered approach resolves these issues through an innovative and secure digital system.

Using NFTs as a digital passport for physical valuables ensures the integrity of the asset while simultaneously streamlining its lifecycle services. This digital passport also authenticates and verifies ownership and provides a smooth and secure means of transfer between owners.

Unikbase’s novel approach in tokenizing physical goods is a significant step towards a more secure and transparent economy. It revolutionizes conventional business practices and introduces a new method for handling high-value commodities, and may also extend to more affordable items in the future.

In conclusion, Unikbase’s digital tokenization service using NFTs is an innovative and secure way of managing physical goods that ensures authenticity, ownership validation, and maximizes the efficiency of the asset’s lifecycle needs. The recent financing led by Weber Investments serves as a testament to the market’s interest and potential for Unikbase’s groundbreaking approach.

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Unikbase’s 2 Million Euro Funding for Valuable Asset Tokenization

Web3 startup Unikbase completed 2 million euro financing

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