UK-based venture capital firm Outlier Ventures has announced a non-fungible token (NFT) fundraising mechanism
UK-based venture capital firm Outlier Ventures has announced a non-fungible token (NFT) fundraising mechanism similar to an Initial Coin Offering (ICO).
The company's specialists used SAFT, presented in 2017 and since then used by many ICO projects, including TON from Telegram, as a basis.
SAFT allows to pre-sell tokens to investors who invest money in exchange for a promise to receive assets at a later date. It is expected that funding will allow the project to develop, and the price of the token will rise.
However, Outlier Ventures believes that one of the disadvantages of SAFT is that in most jurisdictions such agreements are considered securities.
The firm's specialists believe that their NFTSPA (Nifty Spa) solution will be the same for the NFT sphere as SAFT for ICO projects, but "without drawbacks." They called it analogous to crowdfunding platforms like Kickstarter.