UQUID is developing a Web3 shopping platform that integrates decentralized finance (DeFi) with e-commerce, allowing users to purchase both NFTs and physical products using cryptocurrency. This platform addresses the lack of seamless transactions between digital assets and traditional retail, enhancing accessibility and convenience for consumers in the evolving digital marketplace.
Funding
$17.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional e-commerce platforms often lack integration with decentralized finance (DeFi), creating friction for users who prefer to use cryptocurrency for online purchases. This disconnect limits the utility of digital assets and hinders the seamless transition between the digital and physical economies.
Solution
UQUID is a Web3 e-commerce platform that bridges the gap between DeFi and traditional retail by enabling users to purchase both physical and digital products, including NFTs, using cryptocurrency. The platform offers a shop-to-earn experience, allowing users to earn rewards and cashback in crypto for their purchases. UQUID also provides cross-border business solutions, including "Buy Now Pay Later" options, to facilitate global commerce with digital assets.
Target Audience
UQUID targets cryptocurrency users and Web3 enthusiasts seeking a platform to seamlessly spend their digital assets on a wide variety of physical and digital goods, as well as merchants looking to expand their reach into the crypto economy.
Features
- Support for purchasing physical and digital goods with cryptocurrency
- Integration with decentralized finance (DeFi) for seamless transactions
- "Buy Now Pay Later" option with payment in three installments
- Shop-to-earn program with crypto rewards and cashback
- Vouchers and discounts redeemable on the platform
- Mobile top-up, game top-up, and e-wallet top-up services
- Lucky order ID system for grand prize entries