Blockchain Project Vitruveo Surpasses $1 Million in NFT Sales, Strengthens Ecosystem With Successful Fundraising

The first 250 Boosters and all Super Booster NFTs get rare Genesis Vitruveo custom sneakers for free.

Creator-focused blockchain project Vitruveo crossed over $1,04,280 in sales on January 10, 2024, of its NFT Booster packs and Super Boosters. 

Vitruveo is a creator-first blockchain protocol that explicitly bridges the gap between artists and web3 innovation. The project will use the newly raised funds to accelerate its ecosystem growth, cover its ongoing protocol costs, deploy cutting-edge dApps, and exchange liquidity, says Nik Kalyani, CEO and Founder of Vitruveo. 

Vitruveo’s Booster NFTs sell for $150 per piece, while the Super Booster NFTs range between $25,000 to $250,000 per piece. Each holder also receives a set amount of Vitruveo’s native cryptocurrency, VTRU tokens. 

Kalyani says that Booster NFTs have many benefits for its holders, including a revenue share of 30% of the fees earned by the protocol through all art sales. 

Other benefits include free rare Genesis Vitruveo custom sneakers for the first 250 Booster purchases, while the first 1,000 transactions with seven or more Boosters get an additional 5% revenue share. 

“We love incentivising our community, and for every $1 million raised after the initial $2 million in sales, each Booster NFT will also receive an additional 5% bonus in VTRU tokens,” adds Kalyani. 

The next target for the project is to raise $5 million. 

Vitrueo also wrapped up 2023 by displaying Booster NFT artworks, specially created by 21 global digital artists in Times Square, New York. 

Research suggests that over 80% of artists worldwide haven’t been onboarded into web3. Vitruveo believes lack of trust to be one of the significant reasons. 

The company has implemented several features that promote authenticity and transparency on artist backgrounds and industry standard-based metadata features using LinkedArt and on-chain licensing conforming to the Creative Commons standard.

“At Vitruveo, artists can be full citizens of the technology platform on which their work resides. They will have a say in the direction of the core technology, and their digital creations will conform to existing industry-based art standards, paving the way for NFT 2.0,” says Kalyani.