The funding is completed by a €2.4m token sale from Ternoa ($CAPS), the parent company of Capsule Corp Labs. This amount is provided to Capsule Corp Labs as part of its development plan. 

The seed funding round led by expert investors in deeptech and Web3, follows Ternoa’s €8m token sale in 2021. As the parent company of Capsule Corp Labs, which develops a blockchain specialised in utility NFTs. The funding allows Capsule Corp Labs to widen its scale by strengthening its R&D and expanding its 30-person team. 

Moving from collector to utility NFTs

Capsule Corp Labs brings a paradigm shift in how NFTs are used. 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 integrator of Ternoa, a layer-1 blockchain infrastructure. Open-source and decentralised, it provides developers with an independent framework to create utility NFTs.

StartUp Studio and Web3 Consulting

Both a startup studio and a Web3 consulting firm, Capsule Corp Labs’ mission is to help companies of all sizes develop their business model on the Ternoa blockchain. 

“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. 

Capsule Corp Labs offers a ‘business as a service’ model to Web3 startups 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 three NFT startups launch their products, allowing them each to achieve several hundred thousand Euros in revenue.

First use cases of NFT utilities

The second strategic focus for Capsul Corp Labs is to advise companies on implementing their Web3 solutions. Earlier in 2022, Capsule Corp Labs participated in the launch of 20 Mint, the blockchain project from the leading French news outlet 20 Minutes.

20 Mint completed a successful sale of 999 NFT typewriters to finance 20 Minutes’ operation of its Web3 magazine while gathering a community of enthusiasts. “Our role is to identify with our customers the use cases for the future NFTs and help develop them,” says Clément Téqui on this focus as a project accelerator.

Capsule Corp Labs also assists Editis, a French specialist in the publishing industry, in identifying real use cases of NFTs for its sector. This included a collaborative editorial work tool, new book formats, and reader community animation tools. In addition, Capsule Corp Labs’ work led to the launch of Editis’ Web3 transformation project.

For the Notaires de France-affiliated technological endowment fund not.IT, Capsule Corp. Labs designed and developed a solution to transmit digital assets, allowing the storage of private NFT content. The first model has been delivered, and the project is being validated on a national scale.

Commissioned by the gift box specialist Wonderbox, Capsule Corp. Labs initiated a project to transform its customer relationship through NFTs. The collaboration allowed Wonderbox to identify solutions to secure the resale of virtual gift boxes. Capsule Corp. Labs also leveraged specific Ternoa NFT features such as secret content to enhance the experience of an online sports game owned by a leading video game company.

“Our open-source infrastructure has been operational since April and is open to all developers and entrepreneurs to create the NFT applications of tomorrow. This round of funding by Capsule Corp Labs will help accelerate the development of the Ternoa ecosystem in France and Europe,” says Mickael Canu, CEO of Ternoa.

“Ternoa is one of the very few French Layer-1 blockchains with a real underlying technological asset. With this investment, the Ternoa team will be able to offer Web3 startups ever richer functionalities and become the European blockchain platform of reference,” says Fabien Collangettes, Investment Director at Omnes Capital.

“The concept of Business as a Service was first generated from Web 2.0, while Capsule Corp Labs innovates this model and upgrades it into a Web3 style enabling all sizes of companies to develop and launch NFTs products more easily. DFG always has had a strong belief in Ternoa since day 1 – its open-source Layer 1 infrastructure nurtures a bold ecosystem to realise utility NFTs. I’m very positive that under the leadership of Mickael Canu and Clément Téqui, Ternoa and its community will be ahead of the game in no time,” comments James Wo, Founder and CEO of DFG.

“We are delighted to have been able to finalise this fundraising with Omnes, a recognised player in the financing of Deep Tech projects requiring significant investments in R&D. In a difficult market context, we will be able to continue to invest in the development of tomorrow’s Web3 infrastructures with our unique value proposition: creating a bridge between Web2 and Web3 architecture”, adds Clément Téqui, CEO of Capsule Corp Labs and co-founder of Ternoa.