Entrepreneur-ის კონტრიბუტორები საავტორო სტატიებში გამოხატავენ მათ პირად მოსაზრებებს.Enterpreneur.ge conducted this interview with Nova Miningverse ’s Director Vasil Babluani and his business partner Lorenzo Stroe , CEO and Co-Founder of Nova Miningverse.Their joint venture is another example of bringing European expertise and know-how to Georgia.
Vasil mentioned that he was contacted by several partners who were interested in creating a crypto and blockchain project and they decided to create it here in Georgia.“This project has 5 co-founders.
Lorenzo is working in the crypto sector since 2012 and has a wealth of experience in international crypto funds, he has played a key role in popularizing crypto around the world.His and his team’s experience was the main reason why I decided to become active in this sector” – noted Vasil.
Lorenzo Stroe started trading crypto assets soon after the discovery of Bitcoin and has worked with dozens of cryptocurrency projects, helping them grow.
With 10 years of experience in the blockchain sector, Lorenzo has also worked as a portfolio manager for several crypto funds and recently started investing in the NFT and metaverse sectors.
Lorenzo was based in Spain and was looking into expanding his business interests into new countries.“After researching different markets for a better environment for crypto-related businesses, we found Georgia.It was actually quite surprising, but Georgia has a lot of potential.It’s very crypto-friendly and we decided to stay here and to create all our projects in Georgia.
That is how I met Vasil and other co-founders” – explained Lorenzo.
Lorenzo’s team moved to Georgia exactly one year ago.Their interested was prompted by a Spanish crypto enthusiast who told them about his experience in Georgia and about the country’s friendly environment.
Lorenzo and his team were so impressed by Georgia’s potential that they decided to invest in real estate as well.
Discussing Georgia’s potential in the crypto sector, Lorenzo is quite optimistic: “The crypto market in Georgia is pretty much in its early stages as not a lot of people know about it.When it comes to the opportunity, I think that Georgia has a chance to become one of the top countries and one of the biggest exchanges in the world.” Lorenzo thinks that his team has a very specific product-related advantage versus other players in the market.They developed a game that is being backed with Bitcoin money in Georgia.It is something that nobody else has done.“We have developed our own cryptocurrency, a token which is linked to the game.And at the same time, we linked the game to bitcoin mining.
So basically we created Bitcoin facilities here in Georgia, in Tbilisi.Some of the bitcoin that we mine will be used to further develop our cryptocurrency and the game.It will also be used to reward the investors.”
The team also provides hosting services for other people as they use hydroelectric power and many people from other countries want to mine Bitcoins in a cleaner way.
Foreign investors can send Nova Miningverse their miners and the company will mine in their stead using hydroelectric power.
The company has ambitious plans and is raising financing at the moment.The goal is to raise 10 million EUR by the end of May.“We finished the seed sale and are in the private phase right now.We have been discussing with a few launchpads in Spain, for example.Georgia is becoming increasingly popular in Spain, and we see that 20-30 Spanish guys come over to Georgia every week.So there is an interesting connection” – explained Lorenzo.
Lorenzo and Vasil see synergies with other countries as well.They traveled to Dubai to meet some crypto investors.
Many of them made a lot of money in crypto markets and now are looking to diversify their assets.“They are looking to diversify in traditional businesses as well.We talked to them about Georgia and about everything that can be done here.They all seem to be very interested and our goal is to bring many crypto investors to Georgia” – noted Lorenzo.
The team created a crypto fund in Georgia and are able to provide different services to help their investors diversify.
“We have about 10 megawatts of power for bitcoin mining, we are hoping to get another 10 by the end of the year.We are certainly planning to extend that as much as possible.We want to get the game ready and have our cryptocurrency listed on several exchanges.We have bigger plans for next year as we are even looking at opening our own power plant” – mentioned Lorenzo.
Vasil and Lorezno are setting very ambitious goals for themselves, and we will all be interested to see how they progress.
With the attraction of foreign direct investments from various countries, Georgia has a chance to grow in a more rapid pace and further diversify its economy..