[Funding alert] Web3 startup Bitliberte will be raising $1.76 mn in funding

DAO-based Web3 startup Bitliberte will become India’s first web3 startup, to raise $1.76 million in funding to establish a full-fledged FashionFi ecosystem that will use non-fungible tokens (NFTs) and decentralized autonomous organizations (DAOs) to bridge the gap between fashion and finance.

According to the startup, it will use the funds to acquire more users, hire more people for key roles, and help consumers transition from Web 2 to Web 3.

It allows consumers to become partial owners in a global network of companies, thereby revolutionizing the fashion industry for the general public.

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Bitliberte was founded in 2021 by Vaibhav Seth and Juveria Rasool, It is a DAO-based ecosystem of exclusive NFTs, fashion products and metaverse assets, with physical outlets allowing users to build and monetize themselves from the fashion business ecosystem, a first of its kind globally.

It is a unique approach by the founders to bring a sustainable ecosystem powered with Web3 to provide the smoothest experience of e-commerce and DAO-based outlets, with exclusive trends and wearables.

“The fundamental purpose of our protocol is to put power in the hands of customers through a governance portal and to allow users to own fashion products and shops fractionally”, said,  Vaibhav Seth, CEO and Founder of Bitliberte.

The term Web3 is a notion for a new version of the World Wide Web-based on blockchain technology, with decentralization and a token-based economy. From the introduction of bitcoin to the recent introduction of the metaverse, NFT, and P2E platforms, blockchain technology is innovating rapidly. While the progress of the crypto industry has taken place in the virtual realm, there is a significant need to use this transparent and immutable technology to solve real-world problems.

In recent months luxury brands such as Louis Vuitton and Gucci have jumped into the crypto world with their NFT collections and this has given rise to a concept called FashionFi.

About Bitliberte

Bitliberte is a DAO-based ecosystem of exclusive NFTs, fashion products and metaverse assets, with physical outlets allowing users to own and earn from one of its kind FashionFi business ecosystem globally.

It is a unique approach to bring a sustainable ecosystem powered with Web3 to deliver the smoothest experience of eCommerce and DAO-based outlets accompanied by exclusive vogue of wearables.

This ecosystem is powered by LIBERTE token to open-up endless avenues for the consumer’s benefit.