EverdreamSoft spin-off Wakweli raises USD 1.1 million

Initiated in 2021, the Geneva-based Wakweli project is being incubated by EverdreamSoft with the aim to make it the reference of trust for the decentralized ecosystem, preserving the market integrity of tokenized assets, and driving its liquidity.

EverdreamSoft is a Swiss-based company founded in 2010 as a game studio and pioneering the integration and use of blockchain tools in gaming and digital collectibles since 2014. The company's aim has been to facilitate the access and usage of blockchain technology for all the actors in the game and entertainment industry.

The seed round was led by blockchain investment firm Summit alongside FunFair Ventures and several business angels, with dozens of early investors pledging capital to back Wakweli’s vision of a protocol based on a decentralized consensus algorithm called Proof-of-Democracy (PoD).

The funding will allow the company to roll out its products, including a community-driven core protocol that enables NFT marketplaces, buyers, and creators to benefit from a provable mark of authenticity for NFTs and other tokenized assets.

"We are incredibly thrilled and fortunate to have onboarded investors and partners who share Wakweli's vision to increase trust in the web3 ecosystem," said EDS co-founder and CEO Shaban Shaamev (pictured).

Shaame brings a wealth of blockchain gaming experience to the project, as does co-founder Markéta Kortéova, who also serves as the Chief Operating Officer of EverdreamSoft. Wakweli's third co-Founder, tech veteran Antoine Sarraute, has been an ardent advocate of decentralized tech since 2011 and has developed multiple innovative projects within the web3, AI, and fintech space.

In 2010, EverdreamSoft was awarded CHF 30,000 by Venture Kick. In 2013, it was named a TOP 100 Swiss Startup.