Turkish Initiative ELYT Receives Investment Over $8 Million Valuation - Coinleaks
Current Date:September 21, 2024

Turkish Initiative ELYT Receives Investment Over $8 Million Valuation

Founded by Ahmet Usta and Mesut Çevik, ELYT completed the seed investment round led by Finberg.

ELYT.net was founded in the middle of this year by Ahmet Usta, known for his work on Blockchain technology, and Mesut Cevik, one of the well-known names in the technology press for more than 20 years. ELYT, a blockchain-based customer loyalty and marketing platform, completed its open beta period in August and has now received a $8 million valuation investment in a seed round.

Completes ELYT Investment Round with 8 Million Dollars Valuation

ELYT.net, which offers an innovative business model using NFT assets, Finbergcompleted the seed investment tour led by the company at a valuation of 8 million dollars.

ELYT, founded by Ahmet Usta and Mesut Çevik, allows brands and influencers to distribute NFT packages to their followers and customers by determining various rules, even if they do not have a crypto wallet. NFT cards that come out of NFT packages can be used to create various collections.

Finberg, who invested 47 million dollars in total in 27 startups and 7 funds and managed a 250 million dollar fund, led the investment tour of ELYT, which brings together different branches of the internet. ELYT received an investment of 8 million dollars in its investment round, with the participation of corporate VCs and strategic names.

ELYT Co-Founder Ahmet Usta, said about the investment:

“We offer brands and influencers a unique marketing tool, and in doing so, we open a door for them to use NFTs. With the investment we have received, we will focus on growth while continuing our software development processes.”

ELYT Co-Founder Mesut CevikHe shared his views as follows:

“Basically, ELYT makes it possible to implement a customer loyalty program with unlimited options in a very short time. We are very happy to have strategic investors who will accelerate our growth process for us.”