--- title: "SeedLegals launches world’s first hybrid NFT / funding round" id: "22595" type: "post" slug: "world-first-nft-funding-round" published_at: "2022-04-01T02:00:27+00:00" modified_at: "2022-04-01T02:00:27+00:00" url: "https://seedlegals.com/resources/world-first-nft-funding-round/" markdown_url: "https://seedlegals.com/resources/world-first-nft-funding-round.md" excerpt: "Today we're launching the world's first hybrid funding round, combining the widely unknown workings of Web3, NFTs and crypto with the well-known optimism of traditional fundraising." taxonomy_category: - "Startup Guides" --- 2 min read # SeedLegals launches world's first hybrid NFT / funding round Published: Apr 1, 2022 Contents [How it works: NFT + Term Sheet](#how-it-works-nft-term-sheet) [Increasing your company value](#increasing-your-company-value) [Secondaries market](#secondaries-market) [Create your hybrid round now](#create-your-hybrid-round-now) [Anthony Rose](https://seedlegals.com/resources/author/anthony/) *** Note: Published 1st April 🙂 *** SeedLegals powers the UK startup ecosystem, more than one in six of all UK funding rounds are now done on SeedLegals. Using data from thousands of funding rounds, we wanted to work out what made for the most valuable companies, and what helped companies raise more, faster. After crunching the numbers, one key metric stood out: The *less* understandable your proposition was to the average person, the *higher*your valuation. Basically, to get the highest possible valuation and raise the most money, you need a pitch deck and proposition that almost nobody understands. And those who claim to understand it, actually don’t. So, in line with our mission to help companies, today we’re launching the world’s first hybrid funding round, combining the widely unknown workings of Web3, NFTs and crypto with the well-known optimism of traditional fundraising. Non-Fungible meets Fungible. ## How it works: NFT + Term Sheet When you create your round on SeedLegals, just pick the amount you want to raise, then use the slider to choose how much is in crypto, how much in fiat. For their fiat investment, your investors get shares, with the usual liquidation preference, anti-dilution, board seats, etc. The crypto part of each investor’s funds will buy them a much more valuable **Bored VC**NFT that is uniquely created by the platform **just for them**. Using machine learning, LinkedIn image scraping, AI, a roomful of graphic artist interns and a lot of stimulants, we create combined images of them, their investment amount, a bunch of well-used memes and common caricatures of investors to create an NFT whose quality and value is proportional to their investment amount. An example of a seed round-level Bored VC ## Increasing your company value By greatly increasing the “we have no idea what the heck you do, so it must be the future” factor, companies are able to increase their valuation by 3X to 10X, depending on the NFT-factor they specify for their rounds. ## Secondaries market This is where the real value lies, the NFTs can be readily sold on well-known exchanges. So while your shares are locked up for years, your unique **Bored VC** image is instantly tradable, allowing you to realise an immediate gain on your investment, while still maintaining your shareholder rights. ## Create your hybrid round now - Log into SeedLegals and go to **Raise** - Select your funding round and choose **Hybrid Round**from the list - Drag the slider to select how much of the investment will be in crypto/NFT vs. fiat/shares - Answer the questions to create your **Term Sheet** - Add investors and their investment amounts. - Share your Term Sheet with investors on SeedLegals - Your long-form documents are automatically generated by SeedLegals - Investors sign the Term Sheet and long-form docs - Our NFT generator does its magic and creates a **Bored VC**NFT for each - Investors receive their share cert and **Bored VC** NFT instantly - You close the round, start spending the funds raised Remember, with NFTs your investors don’t own shares in your company, instead you’ve earned money from them for *absolutely no stake in your company at all*. By dialling the NFT-factor in your round to 100%, founders are finally able to raise investment with *zero dilution and no debt.* Combining Web3 and crypto with traditional funding rounds finally makes it possible to escape the centuries-old trap of businesses being valued on fundamentals rather than intangibles. Welcome to the future. Images by Dalton Vaughn [daltonvaughn.com](https://www.daltonvaughn.com/) ##### Automate your legal admin ### Confused about business legals? Don't feel like a Fool if you need help with your contracts, investments and board admin. Our team is here to help. [Get 7 day free trial](https://seedlegals.com/pricing/) #### Anthony Rose Serial entrepreneur and startup champion, Anthony is our CEO and Co-Founder. [Read more](https://seedlegals.com/resources/author/anthony/) [https://www.linkedin.com/in/anrose/](https://www.linkedin.com/in/anrose/) ## Related posts [5 min readWhy you can't validate your startup idea, and what to do insteadMost founders think they have validated their startup idea. Here is why the evidence usually fails, and the three questi... Charles Hope](https://seedlegals.com/resources/validate-your-startup-idea/) [4 min readMost founders don't think about GDPR until someone asks for their dataOf course you ignore GDPR. Right up until you get an email “Send me all my data. Delete everything you have on me.” Sud... Laura Brentnall](https://seedlegals.com/resources/most-founders-dont-think-about-gdpr-until-someone-asks-for-their-data/) [2 min readSunbathing or scaling? Founder tips to beat the quiet seasonSummers can be slow for startups but Ava Shoraka and Yanki Kizilates are here to help founders gain momentum during thi... 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