Good morning and happy Friday! I am Alex Hochberger, the founder and CEO of Web3 Enabler, a Salesforce partner focused on developing crypto, blockchain, and Web3 solutions on the Salesforce platform. Salesforce, the largest CRM globally with approximately 30% market share, supports over 150,000 companies, including 91% of the Fortune 500. Among these, many utilize AppExchange add-ons, including our Blockchain Payments solution. After successfully passing the security review for our Sales Cloud add-on, we are now advancing with a Commerce Cloud add-on and enhancing our existing products.
Fundraising Success
This week has been particularly fruitful for Web3 Enabler’s fundraising campaign on Republic. We have raised $112,500, a remarkable increase from $60,000 just last week. With our total funds doubling in a short span, we are on track to achieve even greater milestones. Early investors are uniquely positioned to benefit from a discounted SAFE at a $6 million valuation, providing a potential 25% return compared to the standard $7.5 million conversion valuation.
Currently, we are halfway through our 120-day fundraising campaign, capped at $1.235 million by the SEC. The campaign’s visibility on Republic‘s homepage has significantly increased investor interest, and we anticipate raising an additional $60,000 to $100,000 next week. To our early investors and those increasing their commitments, thank you for your unwavering support. If you’re considering joining, now is the ideal time to secure the discounted valuation.
Integration with Bridge
We are thrilled to announce our integration with Bridge, a company recently acquired by Stripe. This partnership facilitates seamless on-ramp and off-ramp transactions for various stablecoins and networks. During a live demonstration, I showcased a bridge entity undergoing Know Your Customer (KYC) and Know Your Business (KYB) processes. This integration enhances liquidity options for users by enabling effortless transfers between wallets and traditional bank accounts.
The development of our liquidation address and bridge system, currently in testing with Alapa, exemplifies our commitment to innovation. These advancements aim to provide users with secure and efficient ways to manage their digital assets, bridging the gap between crypto and traditional financial systems.
Expanding Product Portfolio
Our flagship Blockchain Payments solution continues to evolve, with updates that align with the needs of Salesforce users. As we expand our offerings, including a Commerce Cloud add-on, we aim to provide robust tools for enterprises looking to integrate blockchain technology seamlessly into their operations.
Conclusion
Web3 Enabler is achieving significant progress in both fundraising and product development. Our integration with Bridge and advancements in Blockchain Payments highlight our dedication to innovation and regulatory compliance. With increased visibility on Republic and the opportunity for early investors to secure a discounted valuation, the future looks bright for Web3 Enabler. Thank you to our community of investors and supporters. We look forward to sharing more updates and milestones as we continue our journey.
