Fundrs has been a key component of the Nexera ecosystem since it went live on Mainnet in August 2022. More importantly, it’s been a key addition to the web3 ecosystem at large by decentralizing the often difficult and risky process of raising capital.
A growing number of projects have already used Fundrs to get off the ground, raising over $3 million in total capital and seeing up to 38X returns on token launches. This comes in handy with its unique approach to fundraising, which is closer to a peer-to-peer accelerator program than it is to a token launch. Projects are supported beyond funding with a committed community that has staked 95.16 million $NXRA on the platform — about 11.2% of the total supply.
Check out Fundrs now and see for yourself. Keep reading to understand what the Fundrs platform can do for you as a web3 enthusiast looking to support new projects or as a development team trying to jumpstart a new idea.
What is Fundrs?
In technical terms, Fundrs is a peer-to-peer fundraising platform that utilizes the $NXRA token to implement reputation and merit-based features. It vets all projects for compliance to ensure the safety of its community and the quality of its listings.
Fundrs builds upon a concept most people know from Kickstarter, GoFundMe, and others. The difference is that Fundrs is:
- Built on decentralized infrastructure, fully audited by Omniscia.
- Focused on funding web3 projects
- Operates as a community-driven platform
Fundrs will soon implement Nexera’s ERC-7208 token standard, which can represent different token models of projects listed on the platform. The platform is integrated into the Ethereum, Avalanche, Polygon, and Aribtrum ecosystems.
Where Did Fundrs Come From?
The idea for Fundrs started with the ICO Boom of 2018. Nexera (formerly known as AllianceBlock), the development team that created the platform, saw the need for a solution to the unsafe funding environment at a time when a lack of expertise in funders left room for scams.
Likewise, projects needed better access to initial funding. Bigger teams can have access to private funding that supports the initial work of building their core technology. However, this is only sometimes the case for many great ideas in web3. A truly decentralized funding platform had to maintain the peer-to-peer nature of ICOs while it counted on a community of reputable funders.
Nexera believed there should be a decentralized way to select projects based on merit, where they were first vetted and evaluated by an informed community. Moreover, this solution had to be implemented with a participatory funding model. The result was Fundrs, a platform where projects would be vetted by users who’ve staked $NXRA tokens and have “skin in the game.”
Why Use Fundrs?
Today, ICOs are no longer what they were in those days, but Fundrs is still relevant to many funders and projects. This is because of its uniqueness in terms of:
- A merit-based approach to funding where projects receive continuous financing after completing critical milestones.
- A reputation-incentivized community that actively engages with early-stage projects and provides essential support.
For Funders
On Fundrs, users who want to support other projects — known simply as Funders — have access to listings vetted by the community. This system ensures that they are protected against scammers and malicious actors.
Community members gain a reputation by staking NXRA to earn rABLT tokens and for meaningful participation in the platform. This, in turn, gives them perks such as earlier access to certain projects. In the future, they will be able to participate in a DAO voting process where the community selects which projects are listed on Fundrs.
As a Funder, you can:
- Participate in early-stage capital-raising rounds by promising Seeker projects.
- Earn reputation and leverage it to unlock exclusive perks and offerings on Fundrs and throughout the Nexera ecosystem.
- Access the flexibility of being KYC verified while keeping your information private and secure and be automatically eligible for opportunities on the platform.
For Seekers
The most important reason many projects — known as Seekers — go to Fundrs is for access to the community created by the Funders mentioned above. Having an engaged pool of potential Funders is an important boon since many Seekers don’t have access to private investors or a marketing budget that would allow them to gather enough peer-to-peer investors in other ways.
Fundrs also look to provide Seekers with more than just funding. The platform can act as a decentralized accelerator, where they receive various forms of support, such as infrastructure, technical assistance, marketing services and exchange listings, all facilitated by the Nexera team.
As a Seeker, you can:
- Launch your token on the platform through capital-raising rounds and eventually tokenize your assets through listings with compliance requirements you can set up and customize.
- Get comprehensive support in key areas such as marketing, technology, compliance and community building.
- Access a global community of liquidity providers and collaborators and sustainably build your business.
Who Has Fundrs Helped?
Many promising web3 projects have had their start as a Seeker on Fundrs. Some have become important parts of the Nexera ecosystem and are building innovative technology for the web3 space and beyond. These projects cover different use cases and include:
- Brillion: A smart wallet designed to be the primary interface for accessing real-world asset (RWA) markets. The project was originally known as DUA and raised $115k on Fundrs.
- Nuklai: A decentralized marketplace for data-sharing ecosystems, powering next-generation AI and LLMs. The project has raised over $2.5 million across multiple sales and completed several milestones since its introduction to the platform.
- Arkefi and Galileo: Two tokenization platforms dedicated to owning and authenticating art and luxury assets on-chain. The projects raised $250k and $179k, respectively, for their particular implementations of real-world assets (RWAs).
- Brainstems: A protocol focused on decentralized physical infrastructure (DePIN) that enables collaboration between business supply chain AIs. The project raised $250k in its first listing.
- Krest: An Economy of Things simulation hub developed by Peaq Network as its canary chain. The project raised $74k on Fundrs.
The Future of Web3 Funding with Fundrs
The primary use case for Fundrs is still relevant in Web3. The information asymmetry between many projects and their would-be funders must be addressed with an approach that leverages collective intelligence. At the same time, many great ideas can only take off if they have an engaged user base of potential funders.
Fundamentally, Fundrs solves the issue of curation for both Funders and Seekers and creates a safe and supportive environment for a participatory economy. The platform is the next iteration of peer-to-peer fundraising.
Browse projects on Fundrs and start building your portfolio, or list your project.
Join the Fundrs and Nexera community on Discord or follow on X, Telegram, or LinkedIn. You can also read more about Fundrs and other Nexera ecosystem projects:
- Nexera and the Reimagination of Digital Assets
- Fundrs Product Update: Burn & Earn Events for $NXRA Stakers
- Fundrs Development Update: Updates to Fundrs Tiers and Locked Staking
About Nexera
Nexera is empowering the future of finance with cutting-edge open-source innovation. Nexera infrastructure seamlessly incorporates blockchain technology, facilitating on-chain and off-chain operations for simplified digital, financial, and real-world asset management.
Nexera is focused on nurturing the broader ecosystem and DAO and enhancing the utility of the $NXRA token. It is committed to promoting community growth and driving innovation in the digital asset space, including the growth and development of current and future key ecosystem partners.
Learn more about Nexera by following them on X, joining the Telegram Community, or visiting their website.
