* *Capsule Corp Labs supports large corporates, web2 companies and web3 start-ups in creating next-gen NFT use cases on Ternoa, the open-source blockchain dedicated to NFTs*
* *The seed round was led by deeptech and web3 VC investors Omnes Capital, REVAM and DFG*
* *Ternoa is poised to grow at an international scale, and will participate in efforts launched by Dubai government to create a next gen blockchain & metaverse ecosystem*

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**Paris, October 12, 2022— __[Capsule Corp Labs](https://www.capsule-corp.io/)__, specialized in the creation and development of utility NFTs, secures €7.3 million in a seed round, including €4.8 million in equity from __[Omnes Capital](https://www.omnescapital.com/en/)__, web3 funds __[REVAM](https://www.revam.com/)__ and __[Digital Finance Group](https://www.dfg.group/)__ (DFG), and French business angels from the Web3 ecosystem. The funding is completed by a €2.5 million token sale from Ternoa (__[$CAPS](https://coinmarketcap.com/currencies/ternoa/)__), the parent company of Capsule Corp Labs.** 

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The seed funding round led by expert investors in deeptech and Web3, follows Ternoa’s successful token sale in 2021. As the parent company of Capsule Corp Labs, which develops a blockchain dedicated to utility NFTs. The funding allows Capsule Corp Labs to widen its scale by strengthening its R&D and expanding its team. 

## Moving from Collector to Utility NFTs

Until now, NFTs have mainly found success as collector's items, especially in the luxury and art industries. Capsule Corp Labs develops NFT solutions for companies in all sectors, enabling them to integrate the value propositions of the Web3: ownership of data and digital assets, and integration and engagement of user communities.

## A Blockchain Dedicated to NFTs

Launched in 2022, Capsule Corp Labs is the main builder on Ternoa, a layer-1 blockchain infrastructure. Open-source and decentralized, it provides developers with an independent framework to create scalable utility NFTs.

## Start-Up Studio, Web3 Consulting & Tech provider

Capsule Corp Labs' mission is to help companies of all sizes develop their NFT-based business model and get a foot into web3.

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> *Unlike the current NFT market, which operates very much like the art market– based on scarcity value, we believe that NFTs will increasingly have utility value. NFTs will initially be used in the development of sectors such as video games, music, entertainment, or the metaverse, and then gradually spread to other sectors of activity. Our role is to enable this transition from Web 2.0 to Web3, which can be technologically complex*

*- explains Clément Téqui, CEO of Capsule Corp Labs and Co-Founder of Ternoa.* 

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Capsule Corp Labs offers a "business as a service" model to Web3 start-ups by providing them with human and technological resources such as developers and product managers to help them develop NFTs. In the space of six months, Capsule Corp Labs has already helped dozens of startups, large corporates, or gaming companies to design and launch their first web3 product.

## Developing International Reach

To keep building pace, Ternoa intends on conquering new markets. To this end, Ternoa and Capsule Corp. Labs support Dubaï’s efforts to become a global hub for metaverse blockchain ecosystems.

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The UAE is developing programs and systems to establish itself as an incubator for Metaverse technology and adoption. Ternoa, leveraging this fresh infusion of funding, will position itself as the vanguard wave by developing operations in Dubai.

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UAE recently established a Higher Committee for Future Technology and Digital Economy. In July, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, vowed to "promote Dubai's supremacy in the digital economy globally”. He expects the initiative to lead to 40,000 jobs and a 4 billion dollar boost to the UAE's economy over the next five years.

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**About Capsule Corp. Labs**

*Capsule Corp. Labs is the main developer on Ternoa blockchain. The labs fosters the development of new dapps and use cases on Ternoa chain and works with large corporate accounts and web3 startups to facilitate their integration on Ternoa. Capsule Corp. belongs to Ternoa’s ecosystem and is led by Clément TEQUI, CEO and co-founder of Ternoa. More information about the Labs can be found [here](https://www.capsule-corp.io/).*

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**About Ternoa**

*Ternoa is a Substrate-based blockchain dedicated to Utility NFTs. Ternoa makes NFTs’ mass adoption possible thanks to standardized on-chain NFT functions and a javascript SDK to reach out to the largest possible number of developers. Ternoa was founded by Mickael CANU, CEO and serial entrepreneur. More information about Ternoa can be found __[here.](https://www.capsule-corp.io/)__*

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**About Omnes**

*[Omnes](http://www.omnescapital.com/) is a major player in private equity and infrastructure. With more than €5 billion in assets under management, Omnes provides companies with the equity capital they need to grow through its three core businesses: Venture Capital, Expansion Capital & LBO and Infrastructure. Omnes is 100% owned by its employees. Omnes is committed to ESG issues. The company has created the Omnes Foundation in favor of children and youth. It is a signatory of the United Nations Principles for Responsible Investment (PRI).*

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**About DFG**

*DFG is a global investment firm with more than $1B in AUM focused on empowering blockchain and Web3 companies. Since 2015, DFG has been committed to the long-term potential of blockchain technology and manages investments across the crypto ecosystem. DFG mainly runs three strategically dedicated funds: Venture Equity Fund, which follows traditional methods of investment in valuable CeFi service providers; Polkadot Ecosystem Fund, which empowers its Web3 innovation; Crypto Fund, which invests in promising solutions at an early stage. For more information about DFG, please visit our [website](https://dfg.group/) and follow us on Twitter __[@DFG_Official](https://twitter.com/DFG_OfficiaI).__*

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**About REVAM**

[REVAM](https://www.revam.com/about) is a leading hedge fund manager focusing on cryptocurrencies, tokens, and blockchain projects globally.

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