UPYO STARTUP LAUNCHED IN JUNE RAISED US$ 1 MILLION IN SEED FUNDING!
On June 1, 2022, the first Arab NFTs (Non-Fungible Tokens) platform, UPYO, was launched. The American registered firm is regarded as the largest NFTs marketplace in the MENA region. Ahmed Alsenan is the CEO and Co-Founder.
UPYO has announced a $1 million seed round led by angel investors to begin its journey to provide the first Arab platform. And the only one of its kind in the Middle East to trade NFTs.
To inspire Arab artists to develop and engage in the market, UPYO’s vision is to create the best platform for trading NFTs in the Middle East. Additionally, UPYO wants to serve as our users’ gateway to the digital economy and connect them with millions of global creators.
As part of our strategy to assist all Arabs in launching, purchasing, and selling NFTs through secure Marketplaces, the Arab’s platform offers free minting. As a result, all its users can freely share their creative works without paying any gas expenses.
Many Arab audiences still have questions about the NFTs market, and many have been scammed and misled by unsafe and spammy platforms operating in the shadows.
Since all the major corporations are currently devoting their time and resources to the Metaverse, predicted to produce up to $5 trillion in value by 2030, UPYO’s mission also includes raising awareness of it. The Metaverse will usher in a new era of human interaction, expanding at a rate we can’t even fathom. As a result, we must stay current on all new digital developments to keep up with this revolutionary development and play a significant role in building a better future for humanity.