Sonica
Simplifying RWA tokenization with no-code and API-driven solutions, enabling businesses to create, manage, and trade tokens without technical blockchain expertise. Raised $400k, focusing on market expansion.User Review
AI Review
A1
Reviewed on 8 Aug 2024 12:16 AM
The project must provide a clear description of the problem being solved.
The project clearly describes the problem of complexity and inaccessibility of tokenizing RWAs for businesses without blockchain expertise.
The project must provide a clear description of the solution provided.
The project provides a clear solution with both no-code and API-driven platforms for tokenization, making it accessible and efficient for businesses.
The project must demonstrate significant progress or update since the last funding round.
The project secured a pre-seed investment of $400k, focused exclusively on RWA tokenization in 2024, and developed their product throughout the year.
The project must have a well-defined plan for the use of funding.
The project plans to use the funding for market assessment, product development acceleration, and marketing/educational campaigns.
The project must be targeting short-to-medium term deployment on Arbitrum.
The project aims to deploy on Arbitrum in the short-to-medium term with a focus on evolving their product and expanding their ecosystem.
The project must fall under one of the RWAIG funding categories: Building, Research, Awareness.
The project falls under the 'Building - Deployment of RWAs' category.
The project stage must be adequately advanced to be deployed on Arbitrum.
The product is live and fully functional, with ongoing efforts to enhance UI/UX and partner connections.
The project must clearly define its target audience.
The target audience includes law firms and financial institutions.
The project must provide details on the roles and experiences of its team members.
The team members have detailed roles and significant experience in marketing, cloud architecture, software development, and product management.
The project must disclose any previous funding and current funding status.
The project has raised $400k in pre-seed funding and is not currently funded by other grant programs apart from 'Arbitrum New Protocols and Ideas 2.0'.