NeoSwap AI, an AI-powered NFT trading start-up, has raised $2m in its pre-seed investment round at a $15m valuation. The round was co-led by Digital Asset Capital Management (DACM) and AngelHub, with participation from Gossamer Capital, Cavalry Asset Management, Stacks Ventures, Dhuna Ventures, and several angel investors.
The company’s algorithms allow for efficient trade discovery using digital assets and minimal currency. NeoSwap also recently made history by hosting the world’s first Ordinals NFT smart auction for Brian Laughlan, creator of the notable “Satoshibles” NFT project.
The platform seeks to revolutionize commerce with its multi-party, multi-item trading platform powered by artificial intelligence.
Dr John Ennis, CEO and co-founder of NeoSwap AI, holds a Ph.D. in Mathematics and previously founded Aigora, a successful enterprise AI services company.
Other founding team members include Kieran Parker-Moroney, Chief Strategy Officer, who has a wealth of experience in VC, early-stage tech, and the Web3 space; and Pawel Kurzeja, Chief Operating Officer, ex-IBM.
“A key promise of blockchain disruption is to provide the technology for the world’s trading settlement layer,” states Richard Galvin, Co-Founder and CEO of DACM. “NeoSwap is creating a novel yet compelling use of this settlement layer to enhance liquidity and utility amongst non-fungible assets.”
“NFTs are an exciting first use-case and testing ground but the end market extends into almost all areas of traditional finance as assets continue to digitize,” Richard added.
Dr. Ennis stated that the platform is “transforming the world economy through personalized, accessible, and efficient trade discovery.”
Dr. Ennis went on to say that “The ideas inside NeoSwap will prove as valuable as the steam engine for unlocking latent but previously inaccessible economic value.”
The company seeks to offer a new and more efficient form of commerce compared to traditional centralized methods that require greater liquidity. NeoSwap AI plans to raise their seed round later this year.
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