According to Foresight News, Only1, a social media platform powered by Non-Fungible Tokens (NFTs), has successfully raised $1.3 million in a strategic financing round. The round was led by Newman Group, with participation from Folius Ventures, Modular Capital, PetRock Capital, and several angel investors. Following this round of financing, the total funds raised by Only1 have reached $4.8 million.
Only1 is a content membership site on Solana, featuring a decentralized payment settlement layer and integrated Customer Relationship Management (CRM) tools. These features are designed to address the issues faced by institutions and creators. The platform leverages the power of blockchain technology to provide a unique solution for content creators, allowing them to monetize their work in a decentralized environment.