San Francisco, CA, April 05, 2023 (GLOBE NEWSWIRE) — REVA, based in Silicon Valley, is dedicated to providing world-class digital art collection services for digital NFT artworks. REVA is a multi-ecosystem compatible NFT trading platform with low platform cost, low service and low threshold that continues to provide liquidity to the market.
In 2019, REVA was established in Silicon Valley, San Francisco, and was at the forefront of NFT technology. In 2020, Viking Capital invested $5 million in REVA, making it a focus for various internet companies in the NFT industry. In the NFT trading market, REVA provides a low threshold and convenient entry for platform users. Anyone can operate a simple operation platform, a diverse and fast liquid capital mode, authoritative professional evaluation and a reliable and secure trading platform.
NFT is an emerging technology that meets today’s financial market. In the internet world, it’s copy and paste, and all works, whether text, video or images, can be copied and pasted. Therefore, the biggest problem on the Internet is copyright. After the use of NFT, however, all works on the internet will be marked with their own names and can be sold openly on the internet. From the general market perspective, the development speed of the NFT industry is increasing year by year, which directly reflects the huge potential of the NFT industry in the future. REVA also seizes the opportunity to continuously explore the application of NFT in the WEB3.0 industry and contribute to the construction and development of the WEB3.0 era.
During the market for NFT’s impending rise, Andreessen Horowitz funded REVA with $20 million on November 6, 2022. REVA has the backing of a large international resource, and A16z places great importance on and is optimistic about REVA’s NFT custody auction business. A16z invested in several well-known internet companies such as Skype, Facebook, Twitter and Instagram during WEB2.0. A16z’s external investment decisions have always been stable and accurate. The main reasons why A16z invested in REVA are twofold: First, the market for WEB3.0 is generally good, so the investment in REVA will be more active in this environment. Second, REVA has its unique business, and its main core business is NFT mortgage auctions and custody auctions, aiming to help large investment users transform the pain points of inactive NFTs and integrate all existing resources into the NFT market. Most of the technical R&D personnel of REVA’s comprehensive NFT trading platform are well-known universities in China, and there are also some well-known Internet companies. It brings together top talent in data, communication, finance and web development. From 2022, the investment in WEB3.0 will be fully launched. Major companies such as Google and Microsoft have already prepared, and venture capital firms from around the world have also joined. This will undoubtedly be the next new market.
The original intention of WEB3.0 is to establish an open, public network that anyone can participate in, without authorization or centralization. The scarcity, uniqueness and certification of NFTs are key to driving the value of individual data in the WEB3.0 landing. NFT will become an explosive concept at the top level in 2022. It can be seen that digital collectibles can not only be realized in the metaverse, but also promote the transformation of digital culture and add new value to the real economy.
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