Waggle Network Curates Crypto Investment Opportunities for Regular Retail Investors
September 27 2021 - 12:55PM
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Recent fundraisers by NFT startups Dapper Labs and Sorare saw
venture funding in crypto startups surpass $19 billion so far this
year, almost triple last year’s figure ($6.4 billion) – with Q4
still to come. Despite these record-breaking numbers, many would-be
investors still find themselves on the outside looking in, with the
same dozen or so blockchain-focused wealth funds invariably
bootstrapping every promising early-stage venture that comes along.
Last year, just 22% of investments in the crypto space had no VC
involvement at all – and that percentage is only getting lower.
More often than not, these heavyweight hedge funds are simply
better connected than ordinary retail investors and with much
deeper pockets. Although initial decentralized exchange offerings
(IDOs) represent a golden opportunity for little guys to invest in
a project they believe in, even they’re becoming painfully
oversubscribed. Helping Regular Investors Take Part in Crypto’s
Gold Rush Into this milieu comes Waggle Network, a project
committed to promoting the participation of more retail investors
in the cryptoconomy. As far as Waggle is concerned, the prospect of
outsized returns should not be limited to a core group of
privileged private equity firms, but rather democratized to all
retail investors keen to bankroll their favorite projects.
Ironically, the multi-chain marketplace protocol was launched by a
team of VC veterans from launchpads on Solana, BSC, Polygon, and
Ethereum. Even entrenched hedge fund executives seem to recognize
the need to improve accessibility for private investors, whose
opportunities have been trammeled by the unstoppable stampede of
institutional money rushing into the market. Speaking of which,
Waggle itself completed a $3 million funding round to advance its
inclusive vision earlier this year. Although Waggle Network serves
those who wish to diversify their portfolios by supporting projects
they deem innovative, the platform has also been built with
liquidity-hungry startups in mind; the sort seeking to raise
additional capital following a Token Generation Event (TGE), for
example. Through its founders’ extensive professional networks, the
platform enables users to get involved in exclusive deals to buy
tokens that are subjected to vesting schedules at a discount to
their stated market price. Investment opportunities are carefully
curated, with projects screened by a dedicated committee and KYC’d
to weed out scams. Waggle’s due diligence procedures take account
of everything from a project’s team to its social media engagement,
partnerships and token utility, and are in place to protect both
the investor and Waggle’s reputation. No Ordinary Crypto
Marketplace At the center of Waggle Network is a noncustodial
marketplace, where users can access locked tokens on a first-come,
first-served basis. These assets can, in turn, be traded on the
same market with a single dashboard tracking pertinent metrics such
as vesting periods and buy price. What’s more, investors can stake
the platform’s native $WAG token to earn a percentage of all fees.
Interestingly, stakers also earn the right to unlock additional
investment opportunities curated by Waggle’s Listing Committee.
With 7 out of 10 accredited investors expected to buy or invest in
digital assets in the near future, life isn’t getting any easier
for the common man. Ironically, though, the collective appetite for
investing continues to intensify even as opportunities lay thin on
the ground. Waggle Network is intent on leveling the playing field,
and in the process funneling much-needed liquidity into the hands
of worthy blockchain projects hamstrung by tricky vesting
schedules. Already implemented on Ethereum, Binance Smart Chain
(BSC), and Solana, Waggle is expected to integrate with Polygon
early next year. When it does, expect retail investors to breathe a
sigh of relief.
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