The market exploded and we want to surf this wave. To do so we need capital to scale up.
World is moving to metaverse – a digital reflection of real life connections free from physical world constraints, where people participate through their avatars and embedded objects interacting with one another.
It started with digital currencies – Bitcoin (2009), followed by Ethereum (2015) and others, which are now part of the new normal
BTC is trading @ $66k, up from $14k in Oct 2020 (+371%)
– is now a legal mean of payment in Salvador, newly elected mayor of NYC requested his three first
salaries to be paid out in BTC
ETH is trading at $5k, up from $0.5k in Oct 2020 (+900%)
– is one of the first cryptocurrencies enabling carrying smart contracts – software tying automatically
executed actions to ETH payments (e.g., sales of digital object)
Tech giants bet on metaverse with Meta (formerly: Facebook) strategically committing to build metaverse, by changing its name and hiring 10,000 employees in Europe alone for this reason
We are in the market for over a year now, have a proven product and are ready to scale up!
03.2020
– concept & first smart contract deployment
10.2020-01.2021
– pilot preparation
01-03.2021
– launch V_01
04-05.2021
– outcome analysis
05-06.2021
– pivot preparation
06-10.2021
– launch V_02
10-11.2021
– outcome analysis
11.2021-02.2022
– scale up!
300+ artists committed to work with us with combined presence of 4m+ social media followership
~40 contracted artists who submitted their work to SOTA, agreed on commercial & legal terms and either sold or obtained bids on
~90% of their works auctioned via SOTA (vs ~10% marketplace avg)
sold 10 NFT boards (5 via marketplace, 5 directly)
Rarible.com – world's second largest NFT marketplace – promoted us on their main page on par with globally recognized artists like:
French Montana – 19m+ Instagram followers
Disclosure – ~14m listeners on Instagram last month or
Oscar winner Susan Sarandon
SOTA’s 4 full time employees are joined by 8 scale up collaborators – experienced specialists with international experience in their respective fields – creative director, story experience director, head of technology (smart contracts), design and marketing specialists, growth strategy head and others
Time to act is now given market momentum, which is why we expect to launch scaled up product mid-Feb 2022 and are expecting financing to be closed by mid Dec 2021