Artivive: Crypto Giant Solana Invests in Vienna AR Startup – Crypto News
The Viennese AR Statue Artive has attracted one of the biggest names in the crypto industry as an investor – namely Solana. The makers of Ethereum Alternatives from San Francisco have invested a mid-six-figure amount, or about half a million euros, in a young Viennese company that offers artists the opportunity to create digital AR works of art using an app. Investors in crypto startups were participating, along with Big Brain Holdings, Skydeck and NextBlue.
Specifically, Solana Ventures invested through the so-called SAFE (Simple Agreement for Future Equity), which gives Americans the right to claim shares in a Viennese start-up for the capital invested. With a number of programs and initiatives, Solana is very keen to see more developers and startups build on the proof-of-stake blockchain – and has now found a partner in Austria as well. General focus: non-fungible tokens.
Artivive: AR startup brings Russian investor Dmitry Aksenov on board
Artists should be able to generate NFTs with the push of a button
Artivive and Solana are all about the promotion of NFTs for 2021. “We have 170,000 artists on stage. We want to give them the ability to generate NFTs at the touch of a button. We will build it on top of Solana, but we are not specific to the Solana blockchain,” says Sergiu Ardelian, co-founder of Artive on Trending Topics. Of course, like the Solana makers, it is clear to him that the NFT market is currently in crypto. On the rocks in winter.
But Ardelion sees this stage (by the way, like many other startups) as a good window of opportunity to prepare for the next bull run. “The market is down right now so this is a good time to build it because of the hype we can get lost in with other big projects. Now is the time to build something cool for the future,” he says. “The time is right because we have the next It’s time to build it in a few years.”
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NFTs as an extension of the business model
Artivive has approximately 3.5 million app users worldwide who come from Asia, Europe and North America. The new focus on NFTs should not be understood as a pivot, but as an extension of the existing business model. “We will get a very small amount for the sale price of NFTs,” says Ardelian. “We want to cooperate with as many markets as possible.”
However, creatives working with Artivive will not be able to convert the Viennese software to any NFT slingshot. To be able to make NFTs, they have to purchase the premium version of the app – the subscription then includes ten NFTs per month. If you want to reduce more NFTs, you will have to pay extra.
© Artivive
Artivive, closer to the Metaverse trend due to its focus on augmented reality, chose Solana because it is a “very fast blockchain” and “mining NFTs is very cheap.” There is also something to consider, which the Solana blockchain has struggled with over and over again with failures and is not considered particularly decentralized. Recently, Solana Labs introduced its smartphone which mainly focuses on crypto applications.
Solana launched its smartphone “Saga”.
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