Target Information

Immersve is a New Zealand-based cryptocurrency company that has developed an innovative issuing-as-a-service platform designed to support both centralized and decentralized payment experiences. The company, co-founded by Jerome Faury, Matic Lesjak, and Nathan Jones, is currently seeking funding to advance its technology and bring its groundbreaking solutions to market.

As the only New Zealand-based venture fund backing Immersve, GD1 Web3 Fund 1 is excited to support their journey. The firm is especially impressed with Immersve's commitment to self-custody and user control over digital assets, especially in the wake of the recent FTX collapse, which has underscored the need for users to retain sovereignty over their cryptocurrencies.

Industry Overview in New Zealand

The cryptocurrency and fintech industry in New Zealand is experiencing significant growth and development, driven by increasing consumer demand for alternative payment solutions and innovative financial technologies. As crypto adoption gains traction, New Zealand's regulatory environment is gradually adapting, with local authorities considering measures to facilitate the safe use of cryptocurrencies in commerce.

As a market influenced by global trends, New Zealand is witnessing a surge in decentralized finance (DeFi) applications and crypto-related startups. The country is becoming a hub for innovation in various sectors, including e-commerce and financial services, highlighting the potential for future collaborations between traditional financial institutions and emerging web3 platforms.

Furthermore, the partnership between Immersve and Mastercard aims to revolutionize the payment ecosystem in New Zealand and Australia. By enabling consumers to utilize digital assets for various purchases, the collaboration seeks to bridge the gap between web3 and mainstream payment systems, making crypto transactions more accessible and user-friendly.

With the increasing need for self-custody solutions emphasized by recent market disruptions, New Zealand's crypto landscape presents ample opportunities for products that allow individuals to retain control over their digital assets while still engaging in everyday transactions.

Rationale Behind the Deal

The decision to invest in Immersve aligns with GD1 Web3 Fund 1's core belief that individuals must maintain control and access to their digital assets. Immersve's innovative approach allows users to spend their digital currencies wherever Mastercard is accepted without losing custodianship of their assets.

This deal not only supports the deployment of transformative payment technologies in New Zealand but also positions GD1 Web3 Fund 1 as a pivotal player in the region's growing web3 ecosystem, potentially leading to further investment opportunities in the space.

Information About the Investor

GD1 Web3 Fund 1 is dedicated to investing in innovative technology startups within the cryptocurrency and fintech sectors. The fund focuses on emerging projects that seek to reshape the financial landscape and enhance user experiences in digital finance. With a commitment to fostering growth and innovation, GD1 Web3 Fund 1 aims to provide substantial support to startups, helping them achieve their goals while creating value for investors.

By backing companies like Immersve, GD1 Web3 Fund 1 demonstrates its belief in the potential of blockchain technologies to revolutionize payment processes. The fund’s strategic vision is centered on sustainable investments with long-term growth prospects.

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The investment in Immersve appears to be a sound decision, given the increasing emphasis on self-custody and user sovereignty within the crypto space. By providing consumers with the ability to control their digital assets while transacting through a widely accepted payment network, Immersve stands to differentiate itself from competitors that require users to forfeit custodianship of their currencies.

Additionally, the partnership with Mastercard is a significant advantage, as it facilitates the integration of cryptocurrency within existing payment infrastructures, thus making it easier for users to adopt and utilize digital assets in everyday transactions. This strategic move not only fortifies Immersve's market position but also enhances the overall credibility of the cryptocurrency ecosystem in New Zealand.

Given the management team's extensive experience in the fintech industry, GD1 Web3 Fund 1's backing of Immersve seems well-founded. Their expertise in executing successful payment solutions further inspires confidence in the company's potential for growth and innovation.

In conclusion, the combination of a robust technological foundation, a strategic partnership with Mastercard, and a commitment to self-custody positions Immersve as a noteworthy investment opportunity in the rapidly evolving landscape of cryptocurrency.

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