Hey EstateX Family,
As you all know, we have been making a lot of progress with the EstateX project over the past months.
With one of our key activities currently engaging with and developing relationships with potential VC’s and strategic partners for the private round, we wanted to give you an update and some clarity about how things are going.
Feedback from VCs has been very positive. There are many aspects of our project they love! This includes the fact that we are solving a real-world issue supported by blockchain technology; providing the opportunity and ability for our community to be able to invest in real estate, and the instant liquidity we will be provided to enable investors to pay for goods and services with their investments. They have also been impressed by our highly competent team, the future roadmap, our marketing plans, and the rapid sell-out times of the previous token sale rounds, all of which make us a highly attractive proposition for them.
However, with the current market conditions, together with the recent public failings of several very large players, VC’s have been limited on the amount of capital available to them and are being extra cautious with where they invest.
This reduced funding means they are being much more selective in their projects, and as easy as it was to secure a couple of million for an average project in a bull market, it is significantly harder now, as they are not spending as easily as they did before.
Despite this, the VC feedback to date has been very positive about EstateX and they see us as an A+ project.
For us to maximize the value of their investment for the benefit of the project, and you, our community investors, it is essential for us to show solid developments in the progression of the project.
You will be pleased to know that the EstateX team is currently working hard in the background to deliver this, including updating our pitch deck, strengthening our team, recruiting experienced team members, finalizing the development of our platform, creating marketing and promotional videos, finalizing our Token development to ensure a clean the Certik Audit, the minting and launch our NFT collection, and much more!
Rest assured our team is working round the clock to ensure we can deliver and maximize the value of any future investment.
We envisage most of these things to be finished before the end of the month and will continue to develop our relationships and nurture the excitement of VC’s we are engaged with. Hopefully, market sentiment will also improve, putting us in a much stronger position for the upcoming launch of the Community Round 2 and Private Round.
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