OneUPI Secures Pre-seed Funding from FTXSuperteam and Gradcapital, Announces Beta
Summary
Yes, with a ZERO setup fee & ZERO maintenance charges.What OneUPI has to offer!The amount paid by the user for purchasing a product on their platform is instantly deposited into the merchant account in real-time without cutting out any chargesOneUPI offers transactions to merchants at Zero commissionOneUPI believes Blockchain is the Future, thus allowing services for Web 3.0 related web apps & dApps.Now DAPPS can collect money without any regulations also Crypto Exchanges and NFT Marketplaces will be able to accept payments through UPIOneUPI is not just Web 3.0 focused but also serves web 2.0Beta launch of the product will be released from 25th May 2022 following which limited batches of merchants will get access to use the product in their application.FTXsuperteam is a partnership of SuperteamDAO with FTX Ventures a private network of promising web3 startups that can help with capital and community.This is not an accelerator they are resident problem solvers who angel invest in promising startups first round and help them get to market. They are starting with a focus on projects built on the Solana blockchain.FTX Ventures along with Superteams core contributors, Akshay BD and Tanmay Bhat and angel investor and entrepreneur Balaji Srinivasan will invest up to a total of $1M into your first external fundraising. The operational team, currently consisting of Neil Shroff and Pratik Dholani, as well as Aravind Menon (India Head, FTX) will be involved in helping you do whatever is needed to get you to the next stage.GradCapital is a pan-India student-driven institution that supports daring student entrepreneurs. Based in Bengaluru, GradCapital was founded by IIM-A and BITS Pilani graduates Abhishek Sethi and Prateek Behera to support and invest in startups founded by college students.Announcement of funding took place on a Live Superteam Call in Solana Hacker House, Bengaluru (India Edition)The Solana Foundation Hacker House is a five-day offline event with in-person guidance from core Solana Labs engineers and mentorship from other partners.What to Expect in OneUPI BetaDevelopers will get access to various SDK (Software Development Kit) provided by oneUPI. Merchants will have access to a dashboard to track all their transactions.OneUPI aims to roll out SDKs for other popular codebases such as PHP, Kotlin, Swift for iOS, React Native, Flutter etc.from left to right (Arun Gaddam, Sameer Yadav, Mahesh Jadhav, Manjiri Pathak, Ajay Sahani)