Web3 Fintech Platform Bliv.Club Raises an Undisclosed Amount Of Funding Funds will be utilized to build technology and seamless usage interface for users

By Akshit Pushkarna

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

(L to R) Mohammed Sirajuddin, Vikas Singh and Abhishek Kumar- Co-funders, Bliv.Club

Web3 fintech startup Bliv.Club announced that it has raised an undisclosed amount of funding from Alpha Wave Ventures. The angel funding round also saw participation from Sumit Ghosh, co-Founder, Chingari; Ajeet Khurana, Founder, Reflexical; Rahul Pagidipati, CEO, Zebpay; Prashant Pitti, co-founder, EaseMyTrip.com, among others. The company, which aims to democratize access to Web3 ecosystem, is looking to deviate the funds towards building its platform.

One of the most prominent markets to rise from 2022 was the non-fungible token (NFT) market. The market size reached $45 billion globally, indicating an exponential rise compared with the market size of $100 million in 2020.

The company was set up by entrepreneurs Vikas Singh, Abhishek Kumar Gupta, and Mohammed Sirajuddin, in 2021. The primary issue that the co-founders decided to work together on was to solve the liquidity issue in the NFT market.

Liquidity, with respect to a transaction in the NFT market, is the ease with which they can be transacted within that network for cash in return. However, most trades made in NFTs don't see cash. Buyers swap a token for another token or fractions of tokens representing another NFT on the same blockchain. This causes a liquidity problem since there is no cash transaction.

The company is building new-age financial instruments around NFTs, which are yet to be launched. These instruments would be derivatives around NFTs, and would scale the NFT Ecosystem.

Abhishek Kumar Gupta, co-founder, Bliv.Club, said, "We are thrilled to have such diverse and prominent investors backing us. Their insights, experience and learning will add immense value to Bliv.Club."

Speaking on the investment in Bliv.Club, Tushar Behl, Alpha Wave Ventures, said the start-up is creating disruptive financial products on NFTs, creating unique financialization opportunities on top of the NFT asset class. "We are excited by the vision and experience of the founding team and are looking forward to this journey," he said.

The Web3 fintech startup had also raised an undisclosed pre-seed funding from Sandeep Nailwal, co-founder of Polygon.

Akshit Pushkarna

Features Writer

Related Topics

Business News

This Influencer Has Nearly 150,000 Instagram Followers and Makes Over $10,000 a Month. There's Just One Catch—She's Not Real.

Aitana López has over 149,000 Instagram followers and brands love her. Is she the future of social media marketing?

Business Ideas

Want to Make Money As a Writer? Here's How to Write Things People Really Want to Read

These were the strategies I used to build a healthy newsletter business.


How Stay-at-Home Moms Can Reignite Their Career and Re-enter the Workforce

A returnship is for anyone that took a career break, but this arrangement can be particularly beneficial for busy moms who have taken time off to raise their children and are now ready to jump back into their careers.

Growing a Business

His 'Mesmerizing' Wintry Product Can Cost Up to $500,000 and Is Used By the Kardashians and Disneyland — But It All Started on Accident

MagicSnow founder Adam Williams had a Christmas-themed show in mind — but a billionaire's attachment to one particular detail would turn it into something much bigger.


Vaishali Dev: A Journey of Resilience, Diversity, and Success

As the CEO of a government-contracted manufacturing firm, Vaishali Dev seamlessly manages multiple businesses, including fashion and events.

Starting a Business

The Rise of the Mompreneur: How Moms Are Killing It in the Startup World

Some of the most successful entrepreneurs out there are moms -- they have plenty of experience multitasking and working on tight deadlines. In fact, at least four out of every 10 new businesses are started by moms.