November 11, 2022

MH Ventures Announces Participation in the $5m Pre-Seed Funding for R Planet

MH Ventures, a boutique full service venture capital firm in the blockchain, cryptocurrency & web3 space, has announced its participation in the $5m pre-seed funding round for R Planet, an inaugural genesis NFT collection.

Main Takeaways

  • MH Ventures is committed to supporting and investing in innovative web3 startups that are focused on decentralisation, privacy, and security.
  • The team at R Planet is developing an innovative platform, community, and product that use web3 actions to promote environmental and social progress in the physical world.
  • The funding will be used to support the development and growth of R Planet.

MH Ventures, a boutique full service venture capital firm in the blockchain, cryptocurrency & web3 space, has announced its participation in the $5m pre-seed funding round for R Planet, an inaugural genesis NFT collection. 

The R Planet team is building a revolutionary platform, community, and product which create purposeful environmental and social progress in the physical world through web3 actions. They are convinced that tokens have the potential to do more. Their token connects utility and financial opportunity with purpose, goals, and IRL experiences.

Kamran, Co-Founder & Partner at MH Ventures, said, “R Planet is developing a worldview product, culture, and platform in which web3 behaviours result in tangible social and ecological improvement in the physical world. NFTs and Blockchain technology have sparked a tech transformation, however they believe tokens can be utilised for much more. From the outset, our token will integrate usefulness and financial potential with purpose, goals, and physical world effect. To begin with, the tokens are fractionalizing ownership of actual world assets.”
Ashley Vickers, the Co-Founder of R Planet, said, ‘’We are manifesting an alternative reality, and building the world we want to live in. More equitable. More sustainable. We are the first interactive brand and ecosystem where tokens and community create actual impact in the physical world. Strategic partners like MH ventures will continue to accelerate our vision to make an impact in web3 and in the physical world.‘’

The R Planet team is dedicated to investing in their community, roadmap, and mission. A fixed portion (20%) of the platform's initial minting proceeds will go towards purposing initiatives and projects. The philanthropic organisations currently working with the R Planet community will receive up to 5% of the proceeds, while the remaining funds will go into improving the community experience and creating additional value for the R Planet community.

As part of their marketing plan, they are looking for new ways to reach their target audience. They are expanding their presence on social media platforms such as Discord and Twitter. By doing this, they hope to build a stronger relationship with potential customers and create a more positive image for their brand. 

About MH Ventures

MH Ventures has teamed up with some of the most well-known names in the crypto and blockchain industries, including Lend, magpie, Web3PORT, Sonic Wallet, SmartToken Labs, Decaf, Tatsumeeko, WINCAST, etc. They are passionate about investing in and supporting disruptive technologies and the people behind them. Their mission is to identify and invest in the best projects that have the potential to change the world for the better.

For more information, follow MH Ventures on Twitter and LinkedIn.

About R Planet

The team at R Planet is committed to improving the overall experience for their community and offering valuable opportunities. They plan to combine merchandise & rewards, membership, and real world utility. More information about their future plans will be released in the coming weeks.

For more information, click here.

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