Use Of Funds

Use of Funds

We are raising $2M to strategically accelerate our growth and solidify our market position. The funds will be allocated as follows:

1. Product Development (40%) - $800,000

• Enhancement of Platform Features: Continuous improvement and expansion of our aggregator capabilities and user interface.
• Security Upgrades: Ensuring the highest standards of security for our non-custodial marketplace.
• Tech Infrastructure: Scaling our infrastructure to handle increased user demand and marketplace integration.

2. Marketing and Growth (30%) - $600,000

• User Acquisition Campaigns: Targeted marketing efforts to attract artists, collectors, and investors.
• Brand Awareness: Building a strong brand presence through strategic partnerships, social media, and content marketing.
• Community Building: Engaging with the art and NFT communities through events, webinars, and collaborations.

3. Talent Acquisition (20%) - $400,000

• Key Hires: Expanding our team with experts in marketing, sales, and community management to drive growth.
• Employee Retention: Competitive compensation packages and professional development programs to retain top talent.

4. Operational Costs (10%) - $200,000

• Legal and Compliance: Ensuring all operations adhere to legal and regulatory standards.
• Administrative Expenses: Covering office space, equipment, and other operational necessities.

Our $2M funding will be strategically deployed to enhance our product, drive user growth, attract and retain top talent, and cover essential operational costs. This will ensure ikigAI Labs XYZ remains at the forefront of the digital art revolution, providing a seamless and highly liquid marketplace for art collectors.