Revise, an Indian based firm that creates NFT programming layers, has raised US $3.5 million in a seed round headed by AlphaWave Global and 8i. 

Sandeep Nailwal of Polygon, Scott Lewis of DEFI Pulse, Utsav Somani of AngelList, Bharat Founders Fund, and Rahul Chaudhary of Treebo are other notable investors in the round. According to the company, the funding will be utilized for recruiting and expansion.

Revise provides developers with the tools to create NFTs that interact with apps and data. This transforms NFTs from static images to interactive objects that respond to real-world events and applications.

Furthermore, Revise provides a layer of governance to the storage through its data structure, enabling an audit trail for any updates made to an NFT based on the programming, allowing an NFT developer to handle dispute resolution in a trustworthy and easy manner.

What the founder has to say:

Raunaq Vaisoha, Cofounder, Revise, said

“Revise wants to lessen the barrier to programming NFTs as they transition from culture to utility.” With Revise in their toolset, developers may provide their community with innovative and powerful utilities through their NFT without sacrificing governance.”

What the investors have to say:

Tushar Behl, Alpha Wave Global:

“As people realize that NFTs can be more than just digital collectibles or static assets, the entire NFT industry has witnessed a tremendous narrative shift. This transition is most noticeable in gaming, but the abstract principle may be applied to any real-world item that can be tokenized. Furthermore, as more complex utilities are constructed on NFTs, the issue of governance traceability and transparency will become more critical.

Like Chainlink accomplished for Defi, what the Revise team is doing could become the most fundamental layer for NFT provenance and programming!” But most importantly, the enthusiasm and tenacity that Raunaq and Anil have shown have us enthusiastic about Revise’s limitless future.”

About Revise:

Revise was created by serial entrepreneurs Anil Dukkitpatty and Raunaq Vaisoha, who previously co-formed Elemential Labs, a blockchain startup that collaborated with significant companies like the NSE and NSDL CAMS, and ICICI Bank.

NFTs are being used in a wide range of applications. Gaming, social networking, music, sports, and various other areas have been the main drivers so far. NFTs are moving from culture to utility due to this shift in acceptance. This transforms an NFT from a simple JPEG to an interactive entity according to the business.

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Kshitij does business research and content writing for VCBay. Pursuing BBA from Symbiosis Center Of Management Studies (SCMS) Pune, he is skilled in Financial Modeling, Stock valuation and Microsoft Excel. He is passionate about Entrepreneurship and Finance.

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