Unreal Finance is the decentralized yield futures protocol that has been turning heads in recent months. Interest in the project has been off the charts. As an example, Unreal attracted over 137,000 applications for a place in their pre-IDO with Genesis Shards, with extremely limited available slots. It’s therefore safe to assume that plenty of appetite for their upcoming public sale exists!
It should come as no surprise then that as the Unreal team recently announced the closure of their funding rounds (see here) with an impressive $2.7 million raised, the DeFi community waited in anticipation to see the sorts of backers and advisors who would be supporting this project.
It is important for well-researched, intelligent investors to complete their own due diligence and research to determine their own risk/reward profile. Part of that due diligence is understanding which established crypto-funds and venture capitalists are supporting the project. Simply put, if a project has few or poor quality investors and backers, it’s likely to be deemed suspicious, badly run, or otherwise unlikely to succeed. Unreal Finance has no such issues, with an abundance of high quality support from industry heavyweight advisors and seasoned VCs.
Advisors
You can often tell a lot about a project’s future by looking at those who are helping to shape it. So when it comes to advisors, Unreal’s future looks bright indeed. The platform’s many strategic advisors include:
– Chandresh Aharwar: Chandresh is the founder & CEO of Unilend. UniLend is a permission-less decentralized protocol that combines spot trading services and money markets with lending and borrowing services through smart contracts. He’s also the former VP of marketing at the world renowned Layer 2 solution, Polygon (previously known as Matic Network).
– Ravindra Kumar: Ravindra has had a successful career as the Chief Technology Officer of Woodstock fund and founded Frontier in 2020. Frontier is a chain-agnostic DeFi aggregation layer with added support on Ethereum, Binance Smart Chain, BandChain, Kava, and Harmony.
– Lester Lim: Lester is a veteran digital marketing entrepreneur and a leader in start-up incubation. He has operated multiple million-dollar digital marketing and ecommerce businesses and is a founder of X-21. Lester is one of the most sought after incubators to lead the funding rounds for blockchain start-ups.
As you can see, in terms of Advisors, Unreal is looking like it will be in an amazing position to push forward and make waves in the world of decentralized finance.
Backers & Investors:
Quality investors from recognized investment firms are equally as important as a project’s advisors. In this regard, Unreal also seems to have come out on top. Below is their list of backers:
- AU21
- X21
- Block Sync Ventures
- GBV
- Magnus Capital
- MW partners
- Spark Digital
- 3Commas
- DeFi Omega
- Black Edge Capital
- OP Crypto
- Triblock
- BlockPact
As you can see, Unreal has an unreal selection of quality funds from which to draw their investment. It is likely that Unreal turned away many potential investors to ensure they exclusively picked investors of a high caliber.
This level of investor interest and advisor support along with other early signs, such as their core use cases outlined in their litepaper shows great potential in the Unreal team. Unreal has clearly captured the imagination of the DeFi community and the interest of high quality backers. The important thing now is that Ishan and his team work day and night to bring their innovative concept to market because if they deliver, this project could be truly revolutionary!
