Press Release
Press Release ForChain Labs was founded in April 2022 as a web3startup company. During that time, the NFT project “Fortune Unicorn Club” was under development ForChain Labs raised 2 million in a seed round, which was used to fund the first NFT project utilizing DIY-minting, Fortune Unicorn Club (FUC), which they plan to develop and operate.
As previously reported, ForChain Labs currently manages investments in four main segments: industry, technology, finance,web2, with 198 portfolio companies and $9.3 billion in assets. As a result, the venture capital arm is actively exploring opportunities in the Web 3 market,ForChain Labs was one of the first VC firms to be backed by a Web 3 company. Due to confidentiality agreements, we are unable to disclose detailed information about the venture capitalists at this time.
Fortune Unicorn Club (FUC) offers a choice of traits during the mint, offering over 500 high-quality 3D traits and allowing people to assemble FUC avatars, so it is the miner who determines the metadata and each unique FUC avatars, it is also the miner who determines how the avatar will look. In this way, NFT collections are not generated by cold random programs or AI, but by pure human aesthetics; ForChain Labs hopes that people can put their own personality and story into each FUC avatar inways. DIY-mintway. Additionally, each FUC avatar will have an additional emotional value, making the FUC collection more meaningful.
In addition, FUC has built a Create-to-Earn systemMinters(who determine the appearance of FUC’s unique avatars) become avatars-create-and receive a 3% royalty for life on the avatars they-create. This royalty can be claimed at any time through the FUC holder portal. This approach is intended to lower the threshold for co-creation and encourage co-creation of NFT collections.
Metaverse and AR are also partof FUC’s roadmap. However, the team will never build a metaverse, but rather continue to adapt to the more general metaverse. Instead, they plan to build compatibility for FUC avatars and adapt them to the more popular metaverse, providing eternal value to their holders.
More Info:
https://twitter.com/FortuneUnicornC
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