Nucleus Vision, a contactless identity management system and retail loyalty program, says it has reached its $40 million hard cap with the backing from several prominent blockchain-focused investment firms including Alphabit Digital Currency Fund, FBG Capital, Kenetic Capital, Turiya Ventures, and BlockAsset.
The new capital will be used for the creation of a platform that lets customers securely share their data with retailers and to create personalized in-store experiences and enable cryptocurrency transactions.
Nucleus Vision CEO Abhishek Pitti called the support of the investment firms a critical step forward in accomplishing their mission to transform the retail industry with Blockchain technology.
“Their extensive knowledge of the Blockchain space will prove to be an invaluable asset to Nucleus Vision as we apply this technology to transform the customer experience in retail stores around the world,” commented Pitti.
Alphabit CEO Liam Roberston said they were proud to support the vision of Nucleus. He said the team had the necessary experience and expertise to execute on their mission;
“By leveraging blockchain technology to make critical improvements to the retail space, Nucleus Vision is one of the most far-reaching and revolutionary projects in the blockchain space to date.”
Pitti added;
“As Nucleus Vision builds the world’s first contactless identity management system and retail loyalty program powered by cryptocurrency, we are privileged to be able to draw upon the expertise and experience of these supporters to help us achieve our vision of leveraging blockchain technology to revolutionize the customer experience in stores around the world.”