Trace Network Raises Over $1.6M in Strategic Investments From Leading Blockchain Investors

Trace Network, the NFT-based enterprise DeFi protocol, has begun issuing the original TRACE token with the emerging Bling NFT market for luxury and lifestyle products. In the process, Trace Network has successfully raised more than $1.6 million from strategic industry investors, which will be used to fund the development of a full-fledged ecosystem. With the effective application of blockchain technology, Trace Network is working to redefine the product lifecycle and maintain traceability throughout the supply chain and in the hands of the end user. The added value of the project caught the attention of the mainstream industry and encouraged them to take an active role in the development of the Trace Network by providing initial capital and indirect assistance in market entry and access. As the project progresses, Trace Network's offerings as a whole include Bling, a unique NFT marketplace for limited-edition luxury goods; A virtual enterprise network that acts as data exchange to ensure sustainability and traceability, and proof of business transactions from virtual enterprise networks that provide DeFi capabilities for businesses. Bling is unique in its own way in that it bridges the gap between limited edition luxury goods and blockchain assets by allowing manufacturers to create NFTs representing their products and sell or auction them in the marketplace. Meanwhile, users can navigate through the offer, choose the product they like and make the purchase. When they own NFT, they also own a limited edition luxury item. They can choose to hold the NFT, trade it, or order the actual physical product delivered to their doorstep. Meanwhile, strategic investors backing Trace Network include some industry heavyweights like AU21 Capital, NGC Ventures, OKEx Blockchain Dream Ventures, LD Capital, Spark Capital, Morningstar.

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