Charged Particles raises $750K to Enable Users to "Do More" with their NFTs

Charged Particles raises $750K to Enable Users to "Do More" with their NFTs

By benlakoff | Charged Particles | 15 Feb 2021


Charged Particles was started in late 2019 in an attempt to combine NFTs and DeFi in a novel new way.  

Our Protocol allows users to "Do more with their Non-Fungible Tokens (NFTs),” offering near-infinite flexibility and creativity within this growing space. 

With Charged Particles, any NFT can be transformed into a basket containing other ERC-20 tokens, even other NFTs. The Principal amount can be time-locked inside the NFT, and through an integration with Aave’s aTokens, programmable yield from these DeFi yield-generating assets is just a few clicks away.

This week, in addition to the official launch of the protocol and first DApp, we take another gigantic step by officially announcing the backing of leading Web 3.0 investors who share our vision of adding additional functionality to NFTs. 

The Round

We are excited to announce that Charged Particles has successfully closed our $750K pre-seed round and the backing of top investors in the space, supporting Charged Particles on our journey to becoming a fully decentralized essential protocol. 

Charged Investors

The round is led by The LAO and is joined by ParaFi, CoinGecko, LongHash, MoonWhale, D64, Fourth Revolution Capital and Nalu Fund

The group of angels in the round include Leighton Cusak (PoolTogether), Stani Kulechov (Aave), Liz Rabban (Ex-Celsius Network founding team), Matt (Cent) and Tyler Ward (BarnBridge).

Charged Particles community continues to grow, and our investors bring a lot to the table on our path to a fully decentralized protocol.

"NFTs today focus on art, but the possibilities are tremendous. Charged Particles transforms NFTs into wrappers / containers, adding charges to them could go in many directions." - Chris Furlong, LAO Member

“Charged Particles is bringing more utility to NFTs by combining elements like yield-bearing assets with NFTs. This programmed functionality of NFTs unlocks novel use cases and markets.” - Santiago R Santos, Partner @ ParaFi Capital 

"We believe that Charged Particles will be an integral part of the NFT ecosystem, especially in the intersection of finance and creativity. It will unlock new possibilities for creators, artists, and developers to use NFT in ways we have not yet seen before." - TM Lee, Co-founder and CEO at CoinGecko

Charged Particles: Get Involved

We believe this funding and partnerships will be very beneficial to the project and will accelerate the development on all fronts.

Charged Particles goes live on MainNet on 17-Feb, kicking off the event with a party in CryptoVoxels

There also will be a “Lepton NFT Drop” happening starting 17-Feb. Follow us at https://twitter.com/DefiNft or join our discord at https://discord.gg/HdRx4SBMDv to stay in the know!

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benlakoff
benlakoff

Charged.Fi


Charged Particles
Charged Particles

A protocol fusing Decentralized Finance (DeFi) and Non-Fungible Tokens (NFTs). Users to deposit a primary asset such as DAI into their NFTs, which is converted to a yielding asset (e.g. aDAI). Principal & interest (“Charge”) from the deposit asset in then “locked” into the NFT.

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