A41 Ventures, Satori Research and Ellipti Ventures invest in the future of Social Media
We’re excited to announce a41, Satori Research, and Ellipti Ventures joining as strategic investors, bridging Only1 to a new height in innovation and exposure. Only1 have closed over $3million in funding. There are over 7 million LIKE staked and 1,500 users on the beta as of October 29th, 2021. What’s next for Only1?
- LIKE buyback event until 21 Nov 2021
- NFT Marketplace launching soon
- Paid DM feature development
- More Initial NFT Offering launches incoming!
Who are our new strategic investors?
a41 Ventures
a41 Ventures is a crypto investment firm based in Seoul that invests in teams that can bring the next wave of digital innovation and succeed in true global business bridging East and West. a41 Ventures believe that those who do the heavy lifting on the ground — members of the projects that they invest in — are the true heroes that should stand out, with the help of sidekicks like them. Members of a41 are dedicated to becoming the bridge and catalyst of the next digital innovation.
a41 Ventures aims to explore and support the best projects and passionate founders with the required resources and experience.
Satori Research
Satori Research is a proprietary trading firm that captures trading opportunities in the digital assets space. Founded by a team with decades of experience managing risks in JP Morgan, Goldman Sachs, and SBI Holdings, our activities span across venues (CeFi, DeFi, OTC) and instruments (cash, derivatives, NFTs). We also support seed/early-stage projects via SatoriVC, where we focus on supporting and bringing promising projects to the crypto ecosystem.
Ellipti Ventures
Ellipti, which is founded in 2018, is a company builder working with the solid founders and teams in the blockchain & crypto market.
Based in Asia, Ellipti team focuses on how to make a sustainable growth with the right market analysis, based on the extensive experience in the main pillars of blockchain industry.
Focusing on the importance of actual ‘execution’, Ellipti engages from start to end, we will assess the current status, bring up the right strategy, and carry out with the team to achieve its full potential.
What to expect next?
NFT Marketplace Launching Soon
The Only1 Marketplace will be launching soon, as our main transaction platform users are able to trade all NFTs launched on our platform, including Creators Genesis NFTs and Content NFT. Read more here.
Paid Direct Message — In Development
Attach tips with your message to your favourite creator, they only receive it if they respond within a fixed period.
As part of the social features, we will be first launching ‘Paid DM’ that allow users to pledge $Like with their message to creators, and creators receive a token when they respond. Imagine talking to your favourite musician about his/her newly released album? Or consult your favourite traders to ask for trading tips?
Help us during R&D, join our discord & telegram!
More Initial NFT Offerings on Only1
We will vet for high quality NFT projects and launch on our platform, LIKE stakers will be able to obtain eligible lottery tickets to participate in our future NFT allocation. Stay tuned for our future updates to learn more!
LIKE Buyback & staking pool reward
All Sol raised in our Initial NFT offering (The Ones) will be used to buy back $Like to reward our community! And we are doing this under full transparency:
- The buyback period started at 24 Oct 2021 to 21 Nov 2021
- SOL will be used to buy back LIKE in each week, total 4 weeks in a row (so all 100% will be used)
- Buyback wallet: 2u2r3TDcnLR8kn2TJcTUN6uK1o6G6dAep32NUUFYmWS5
- We will announce the total amount of $Like bought back every week (we already announced the first buy back!)
- All LIKE from buyback will be rewarded to the community through creator staking pools!
The Ones NFT Floorsweep & Governance
The Ones NFT holders also help regulate Only1 platform as described above but with different voting weight! On top of that, the NFT holders can also decide on the future development of the NFT collection decisions. Would you like us to mint weapons to go with your character? How about forming Only1 real world events? Read more here
100% of the royalties generated from The Ones NFT will be spent to buyback and burn 1,000 The Ones. After that, the royalties will be accumulated as ‘Governance Fund’ to reward The Ones DAO governance.
About Only1
Only1 is an NFT-powered social platform built on Solana. We help creators monetize and allow fans to connect with the creators they love in a unique way, similar to a decentralized Patreon — read more on Create-to-Earn (C2E) here. Mixing social media, NFTs, DeFi and the native token LIKE, Only1 offers a Web 3.0 solution to creator economy and fan engagement.
The new world of decentralized social media is here, and it’s being built on Solana. Follow us to learn more.
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