Polygon co-founder backs NFT derivative startup Bliv.Club

Non-fungible Token (NFT) derivative startup Bliv.Club has raised undisclosed pre-seed funding by Sandeep Nailwal, Co-founder of blockchain scalability platform Polygon.

The Singapore-registered startup will use the funds to build best-in-class products, as well as marketing and team building.

Bliv.Club is already in talks with a number of investors in order to raise a larger round in the near future.

 Founded by Vikas Singh, Abhishek Kumar Gupta, and Mohammed Sirajuddin, Bliv.Club plans to build an ecosystem around NFT that will allow retail investments in the field to be more fluid, addressing and solving the bigger liquidity issue. Bliv will offer a derivatives market, allowing the average person to participate in the NFT market with a small ticket size.

NFTs are unique virtual tokens on blockchain infrastructure that represents ownership, proof of existence, and allow traceability of any digital or non-digital item. However, the NFT marketplace is complex to navigate for people with limited technical knowledge.