• UAE-based Web3 services provider U-topia has raised $850,000 in funding from GDA Capital.
• Founded in 2021 by Jérémy Mahieu and Nicolas Prévost, U-Topia is a Web3 entertainment company that is the convergence of innovative global IP licencing in GameFi, AI music, and video entertainment backed by NFT provenance.
• The investment will be used to develop cutting-edge features and technologies within the U-topia platform.

Press release:

In a significant move towards revolutionising the landscape of blockchain-based intellectual property (IP) licencing, GDA Capital has proudly announced its leadership in a strategic investment for U-topia, which includes a follow-on commitment of up to $850,000. As part of the deal, U-topia also welcomes GDA Capital executives to join the U-topia team in a strategic advisory capacity.

U-topia, the next-generation Web3 Entertainment Company, is the convergence of innovative global IP licencing in GameFi, AI music, and video entertainment backed by NFT provenance. U-topia leverages top intellectual property (IP) from Web2, such as content from professional sports teams, and video game IPs similar to Bandai Namco, while offering rewards & benefits from top 100 retailers like Amazon, Apple, and Walmart, along with prime NFT collections from Web3. These IPs will then be integrated into gamified entertainment products, including video games, music, and movies.

U-Wallet, U-topia's compliant wallet, removes the large disparity that exists in digital ownership and will be integrated into all Web3 Dapps & Games, allowing mainstream adoption of digital assets, allowing NFTs & crypto to be owned by everyone 13 years of age and over.

By partnering with Web3 communities, U-topia is taking a disruptive approach to NFTs to transform engagement with digital assets. This approach creates new, fully licenced, collaborative crossover IPs that can be used in perpetuity. The integration of Web 2.0 industry sports giants, products such as Apple Vision Pro, and perks from retailers like Nike, along with prime NFTs like Bored Ape Yacht Club (BAYC), is seamless and designed to enhance the overall experience.

In a bold move towards inclusivity, U-topia is doing its first community NFT collection of 25K FREE NFTs to early whitelist subscribers, in partnership with various launchpads. By doing so, U-topia has democratised access for all HODLers in a daring move towards inclusivity in its ecosystem. The U-Pass Genesis NFT mint will provide specific utility to the ecosystem, including primary access to new NFT mints, NFT-gated communities, and access to the top 100 merchandise brands in the entire world.

GDA Capital's decision to invest demonstrates its confidence in U-topia's ability to disrupt traditional IP licencing models. With their team having a track record of early strategic investments in disruptive blockchain projects like TRON and Loopring, GDA Capital brings unparalleled expertise and resources to support U-topia's journey towards widespread adoption and success.

"We are thrilled to lead the strategic investment round in U-topia," stated GDA Capital Partner Joaquim Miro.U-topia's innovative approach to IP licencing represents a paradigm shift in the blockchain space, and we are excited to be part of their journey towards reshaping the future of digital ownership."

"U-topia is excited to champion the next era of IP content in our entertainment products that leverage the latest in technology & AI. While producing engaging and exciting entertainment products for the next generation of fans, we are equally excited to realise our vision of a compliant Web3 wallet for users aged 13 & over," says Emmanuel Quezada, CEO of U-topia.

U-topia is the first digital entertainment company in Web3 that will provide the necessary infrastructure to make its entertainment products appealing to not just Web3 enthusiasts but mainstream (Web2) GenZ'ers. U-topia's mission is to make digital ownership accessible so anyone under 18 years of age can collect digital goods as NFTs.

The partnership between U-topia and GDA Capital will open new doors for international growth and expansion. The investment will be utilised to develop cutting-edge features and technologies within the U-topia platform, thus enhancing its capabilities and reinforcing its position as a pioneering force at the intersection of the IP and blockchain industries.