On Dec. 6, 2021, Earnity and BitNile raised $15 million in stock offerings. Earnity founders Dan Schatt and Domenic Carosa have expressed excitement in partnering with BitNile, a Bitcoin mining firm. While the big news is that Earnity closed $15 million with BitNile toward the end of 2021, the San Mateo, California-based cryptocurrency investment startup also managed to raise $5 million last year independently.
According to Domenic Carosa and Dan Schatt, Earnity’s goal is to provide an online marketplace that will give crypto users the chance to earn, collect, learn about, and even gift tokens or portfolios of digital assets. In addition, Earnity aims to decentralize financial products and open access to them to more people everywhere, giving them more control of their money, even those who don’t have a degree in cryptography.
For 2022, one of the first things Earnity will be doing is launching its crypto beta platform. This launch is expected to happen in the first quarter of 2022.
Users of the platform with online financial vehicles can grow their audience through creator-friendly tools to help connect and engage audiences in ways completely different from what exists today. They can also customize their experiences in novel ways to collect many types of crypto assets share their insights.
The ultimate goal of Domenic Carosa and Dan Schatt, along with the rest of the Earnity team, is to help users more easily filter out the social media noise while providing users with a safe space. They hope to foster a trusting community where people can focus on crypto and project fundamentals instead of spending precious time listening to the loudest voice in the market.
Meanwhile, Earnity’s partnership with BitNile will also benefit seasoned crypto users and individuals who may be looking to enter the industry. Both firms agreed to develop and co-promote portfolios of non-fungible tokens (NFTs) and more DeFi products and protocols.