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Startup halliday closed a $6 million seed round led by the company a16z, in addition to them, the round was attended by Hashed, S. V. Angel, Immersion Partners, a_capital and others. The startup offers NFT users using the buy now, pay later model (buy now, pay later), so that players can enter the game instantly and pay later.
How will the buy now, pay later model work?
- halliday will purchase NFTs in advance from different game developers in order to resell them to users using the buy now, pay later model.
- Players will be able to purchase NFTs with the expansion hallidaywhich makes it possible to use it immediately.
- However, these NFTs will be "wrapped", which means that users will not be able to sell or transfer them to anyone.
- Assets acquired under this model will be held by the company until the debt is fully repaid. If the user does not pay off his debt on time, halliday take the asset.
- Players will be able to decide how much time they need to redeem an asset, with the average time being around 1-3 months.
- halliday will charge a fee to cover costs. But in the future they plan to completely abandon this idea.
- The size of the commission and other monetization details have not yet been disclosed.
- Beta version halliday will be out in a few weeks, with a full public launch expected shortly after beta testing.
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