Terra-based NFT Marketplace OnePlanet Raises $3.3M Round Led by Hashed

Terra-based NFT marketplace gained $3.35M in funding round

Terra-based NFT marketplace and launchpad OnePlanet has raised $3.35 million in a strategic funding round led by Hashed, with participation by Animoca Brands, Galaxy Interactive, SkyVision Capital, SNOW and Pala. The fund will be used to accelerate the technological development of the features on the platform and the strategic marketing of the service.

OnePlanet is a Terra-based NFT launchpad and marketplace launched in January 2022. Since then, a number of Terra NFT projects that gained traction were launched via OnePlanet, such as Derby Stars, a Hashed-backed premium horse-racing game, and Cosmic Perspective, a collection of media documenting SpaceX’s preparation and eventual mission to travel to Mars. Terra’s top traded alpha NFTs including Galactic Punks, Luna

Bulls and other collections were also listed in their secondary market.

Users can purchase NFTs with LUNA or UST on OnePlanet, all while benefiting from the much cheaper gas fees of the Terra blockchain. The platform works similarly to other popular NFT marketplaces, which makes it easy to transition to a new exciting ecosystem of NFTs.

As a part of its ecosystem building strategy, OnePlanet hosted an NFT competition prior to its launch, where 74 projects applied. The final 12 projects that passed the competition were launched on OnePlanet.

“The long-term vision of OnePlanet is to build an NFT ecosystem that prioritizes utility. In order to achieve that, we are starting off with an instagram-like SNS feature to strengthen the governance system on our platform. We will then focus on supporting the various technical needs to be solved in our frontend, especially prioritizing the cases decided by community governance. At the same time, we will also put emphasis on building up the infrastructure for NFT projects to be connected with corporations from other industries.” said Pryce Cho, CEO of OnePlanet.

“We’re excited to see the adoption and explosive growth of the Terra ecosystem. SkyVision is proud to support the One Planet Project which is an integral infrastructure piece within Terra, being a NFT launchpad and marketplace with a primary focus on onboarding projects which bring strong utility of the NFTs. We are eager to see the innovative ideas that the team has to implement in the upcoming roadmap goals.” Said Patrick Wu, Partner of SkyVision Capital.

Simon Kim, Managing Partner at Hashed said, “It is always exciting to support such young and intelligent teams. We are noticing a growing number of highly motivated and execution-driven teams building on the Terra ecosystem, and OnePlanet is a great example of the ecosystem’s growth. With smooth user experience and decentralized governance, we believe OnePlanet can lead the Terra NFT marketplace and become one of the dominant players in this vertical.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News