Bridgesplit just raised $4.5M to build the future of NFTs
Founded by DeFi veterans + backed by Solana Ventures, Coinbase Ventures, @APompliano and @packyM
They're the anti-bank NFTs need to go mainstream
NFT x DeFi 101 with @bridgesplit 🧵
Founded by DeFi veterans + backed by Solana Ventures, Coinbase Ventures, @APompliano and @packyM
They're the anti-bank NFTs need to go mainstream
NFT x DeFi 101 with @bridgesplit 🧵
NFTs are the most exciting part of crypto for a lot of people
Just look at the excitement - and life changing money - generated by BAYC + CloneX + Azuki #clonefollowclone
Just look at the excitement - and life changing money - generated by BAYC + CloneX + Azuki #clonefollowclone
But right now there's no way to tap the financial value locked up in NFTS - unless you sell
For people who have seen huge rewards in these projects, the decision to hold or jump ship and cash in is tough
@bridgesplit fixes that
For people who have seen huge rewards in these projects, the decision to hold or jump ship and cash in is tough
@bridgesplit fixes that
Bridgesplit is a liquidation engine for NFTs
Which means they're building: Lending, Fractionalization, and Index Funds
- all in an automated way. It's a protocol like Uniswap. No middle men and no credit
Which means they're building: Lending, Fractionalization, and Index Funds
- all in an automated way. It's a protocol like Uniswap. No middle men and no credit
Fractionalization
Bridgesplit locks your NFT and creates a pool of tokens that represent ownership of it. Then you can sell tokens as shares in your NFT
It's like your own personal meme coin. It even trades on exchanges and is tracked on Coingecko
Bridgesplit locks your NFT and creates a pool of tokens that represent ownership of it. Then you can sell tokens as shares in your NFT
It's like your own personal meme coin. It even trades on exchanges and is tracked on Coingecko
And as a fun aside: anyone who holds the fractional tokens gets that NFT in their wallet.
For Web3 Communities that's huge
For Web3 Communities that's huge
NFT Index Funds
Right now I can't get exposure @BoredApeYC or @CryptoPunks because I don't have millions to spend
Combine fractionalization and tokens with an Index Fund structure and suddenly it's possible
Anyone will be able to invest $100 into BAYC or Crypto Punks
Right now I can't get exposure @BoredApeYC or @CryptoPunks because I don't have millions to spend
Combine fractionalization and tokens with an Index Fund structure and suddenly it's possible
Anyone will be able to invest $100 into BAYC or Crypto Punks
Lending
Let's say your NFT went supernova and you want some liquidity. Bridgesplit's protocol will instantly give you a fraction of the floor price.
Just like a home line of equity or a loan against stock.
Let's say your NFT went supernova and you want some liquidity. Bridgesplit's protocol will instantly give you a fraction of the floor price.
Just like a home line of equity or a loan against stock.
The big promise? That all of this new liquidity unlocks NFTs for institutional investors.
Everyone from hedge funds to endowments
If that happens, you'll see huge inflows of capital into the NFT ecosystem. Prices will react accordingly
Everyone from hedge funds to endowments
If that happens, you'll see huge inflows of capital into the NFT ecosystem. Prices will react accordingly
Thanks to founders @marygooneratne and @TruittLuke for the breakdown!
open.spotify.com/episode/5T4yG7…
open.spotify.com/episode/5T4yG7…
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