BetaBlocks, a Miami-based digital asset marketplace infrastructure company. In addition to its blockchain labs, the company also developed an asset tokenization platform to customize, build, deploy, and manage blockchain networks, enabling businesses to leverage blockchain technologies.
BetaBlocks was funded $1.5M, led by E3 Negócios, Ocean Azul Partners, SaaS Ventures, and other strategic angel investors. E3’s Investment Director, Bruno dos Santos, will enter the BetaBlocks board and Ocean Azul’s Partner to share the investment.
The startup will apply the capital to grow its product in Miami and Brazil’s digital marketplace and engineering units, where it opened its first international office. BetaBlocks’ platform provides ready-made templates for businesses that digital market art, music, videos, and more as non-fungible tokens (NFTs). It also concedes for the minting and auctioning of those assets.
An NFT is a part of data stored on the blockchain, a digital ledger that certifies an asset is one of a kind and can’t be replaced with a copy. While copies may be available for anyone to obtain, NFTs are tracked on blockchain to provide the owner with proof of ownership. The tokens can used to represent a host of virtual collectibles, including everything from art to sports trading cards.
After deciding on the Endeavor ScaleUp program, BetaBlocks chose to launch a white-label asset tokenization platform. But, betaBlocks’ CTO, Antonio Manueco said, It was a normal progression. Many tests boiled down to tooling and infrastructure for companies to offer digital assets without losing brand appeal.
BetaBlocks CEO, Roberto Machado, stated that in accession to the current hype surrounding NFTs, they believe that most current assets such as debt, real estate, stocks, art, and other physical assets will be tokenized leveraging spread ledger technology for liquidity, 24/7 trading, fractional ownership, and governance.
