Singapore Blockchain, Metaverse, DeFi Tools Provider Raises $1.20mln in Less than 3mins
SUBX FINANCE LAB ($SFX) is a supplier of blockchain-as-a-service to companies looking to incorporate web3 technology into their goods and services. The company empowers companies to innovate using blockchain, metaverse, and decentralized finance technologies.
By 2025, the worldwide blockchain industry is predicted to rise to USD 39 billion from USD 3 billion in 2020. 60% of CIOs across industries are on the brink of incorporating blockchain technology into their infrastructure. “Sell the shovel” – that is exactly what this Singapore-based blockchain business is trying to attract investors from across the globe.
The organization was founded by technology consultants Adam Ihsan and Joe Kawai with the goal of accelerating the successful implementation of blockchain technology in a cost-efficient way. Their solutions are simple to implement and integrate with current goods and processes, enabling organizations across all industries to capitalize on this emerging technology.
Last November, the company launched an initial exchange offering, which was quickly oversubscribed, quickly reaching the firm’s hard maximum of USD 1.2 million. They built a 15-person team in less than a month by recruiting the greatest brains in management consulting and big tech.
Blockchain development requires significant financial investment, and not all firms have the resources or means to investigate this transformative technology. The company alleviates this vexing issue by providing items that organisations may purchase at drastically reduced prices. Industry specialists have dubbed this business model “blockchain-as-a-service.”
The company has already released two items and plans to introduce 10 more in the following months. They provide a no-code solution for NFT minting and a no-code platform for enterprises to establish their own blockchain token. Additionally, these solutions are interoperable with the most widely used blockchain networks.
This includes the Ethereum network, the Binance Smart Chain, the Polygon Network, and Crypto.com’s new Cronos Chain. Additionally, the company is launching a white-label platform that will enable companies and individuals to resale items under their own brand.
Businesses may acquire the firm’s native token, $SFX, in order to have access to its goods. Individuals may also acquire and bet the tokens, earning an 80% annual percentage yield. $SFX is now available for purchase on Pancakeswap and the Probit Global Exchange – and will soon be available for purchase through VISA and MASTERCARD.
According to an interview with the CEO, the business would concentrate on building high-profile collaborations with global corporations. Additionally, they will deepen their product integration, guaranteeing that $SFX plays a major part in their ecosystem – with the goal of super-scaling $SFX’s price action.