Trending...
- Armadillos with Benefits™ - PicPocket-Labs, Inc. details its plans/roadmap at SxSW for combining "location-based NFTs" and loyalty programs
- Suburban Bliss - Sue Barr's Art Exhibition Celebrates Everyday Superstars
- CEG Expands Critical Power Service Offering to Include Industrial Generator Maintenance
The entire collection sold out in mere hours after it dropped
SAN FRANCISCO - JerseyDesk -- Today Shima Capital is proud to celebrate the successful sell-out of Spice Finance's first NFT drop. The organization is a portfolio company at Shima Capital, the web3 venture capital fund founded by Yida Gao in 2021. The NFT collection, titled Prologue, consisted of 555 NFTs (Non-Fungible Tokens) and is the first NFT collection representing a position in a DeFi vault. These vaults exist on infrastructure developed by Spice to aggregate and simplify NFT lending.
Yida Gao believes Spice Finance is poised to become a leader in NFTFi, also known as NFT Finance, a concept born from the idea of combining DeFi and NFTs to attract new investors and increase liquidity for current participants. NFTFi platforms allow owners to earn real yield from their NFTs, instead of letting them sit idle in their crypto wallets.
More on Jersey Desk
Shima Capital is always on the lookout for new opportunities in the web3 space; in other words the next big, new thing. With NFTs already one of the hottest verticals around, Spice Finance and NFTFi in general were a natural entrant into Shima's portfolio.
Shima Capital takes great pride in the success of their portfolio companies, and couldn't be happier for Spice Finance's success. After months of planning, the complete collection of 555 unique NFTs minted out within hours. And although Spice Finance can be credited with the successful launch, Yida Gao's team at Shima was there every step of the way to help ensure each aspect of the NFT event went smoothly. The same can be said for many other projects in their portfolio.
Inspired by the Dune series, Prologue is designed to give financial power to holders, allowing you to bridge the gap between DeFi and NFTFi. With a Prologue NFT, you're not just getting a lego piece, you are getting a foundation.
More on Jersey Desk
Spice Finance's Prologue NFT drop was just one of many web3 success stories coming from companies invested in by Yida Gao and Shima Capital, and certainly won't be the last. To follow and learn more about all companies in their portfolio, visit www.shima.capital.
About Shima Capital
Shima Capital is a leading early stage VC firm, founded by Yida Gao in 2021, investing in disruptive blockchain companies. The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most sweat equity per dollar invested. As teams in Web3 push the frontier of innovation, Shima helps hire talent, build community, amplify narratives, and foster the acceleration of technical research and development. Shima is composed of seasoned investors, accomplished operators, and former founders who align on a mission to support all-star teams with building and scaling generational companies. For more https://shima.capital/
Yida Gao believes Spice Finance is poised to become a leader in NFTFi, also known as NFT Finance, a concept born from the idea of combining DeFi and NFTs to attract new investors and increase liquidity for current participants. NFTFi platforms allow owners to earn real yield from their NFTs, instead of letting them sit idle in their crypto wallets.
More on Jersey Desk
- Women in Business Host Southern Ocean Chamber April 28
- Aquia Inc. Joins the AWS Partner Network and the AWS Public Sector Partner Program
- Perfect Body Laser and Aesthetics ® Offers Tetra CoolPeel Co2 Laser Skin Resurfacing
- Databloom's Blossom Achieves Faster and More Efficient Big Data Analytics
- Orchard Audio's New PecanPi®+ DAC and Streamer Feature AKM's Latest Flagship Chips
Shima Capital is always on the lookout for new opportunities in the web3 space; in other words the next big, new thing. With NFTs already one of the hottest verticals around, Spice Finance and NFTFi in general were a natural entrant into Shima's portfolio.
Shima Capital takes great pride in the success of their portfolio companies, and couldn't be happier for Spice Finance's success. After months of planning, the complete collection of 555 unique NFTs minted out within hours. And although Spice Finance can be credited with the successful launch, Yida Gao's team at Shima was there every step of the way to help ensure each aspect of the NFT event went smoothly. The same can be said for many other projects in their portfolio.
Inspired by the Dune series, Prologue is designed to give financial power to holders, allowing you to bridge the gap between DeFi and NFTFi. With a Prologue NFT, you're not just getting a lego piece, you are getting a foundation.
More on Jersey Desk
- Country Artist Ashley Wineland to Release Poignant Ballad 'I'm Going Home'; Announces Her 2023 National Tour
- Jennifer S. Wilkov Finalizes Lineup for the 2023 April Speak Up Women Conference
- Doug Brownridge Joins STS Capital Partners
- CSC Motorcycles Announces New Twin Cylinder 650cc Sport Touring Model
- Cargill joins Selerant on stage at American Food Innovate 2023
Spice Finance's Prologue NFT drop was just one of many web3 success stories coming from companies invested in by Yida Gao and Shima Capital, and certainly won't be the last. To follow and learn more about all companies in their portfolio, visit www.shima.capital.
About Shima Capital
Shima Capital is a leading early stage VC firm, founded by Yida Gao in 2021, investing in disruptive blockchain companies. The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most sweat equity per dollar invested. As teams in Web3 push the frontier of innovation, Shima helps hire talent, build community, amplify narratives, and foster the acceleration of technical research and development. Shima is composed of seasoned investors, accomplished operators, and former founders who align on a mission to support all-star teams with building and scaling generational companies. For more https://shima.capital/
Source: Shima Capital
0 Comments
Latest on Jersey Desk
- Eve Wellness, a SF Breast Ultrasound Screening Clinic supports the recent FDA updates to the guidelines to inform women about breast density
- Expert tip: Private Jet Engine Maintenance Program - Pros and Cons for Preowned Jet Buyers
- The Bunny Hop 5K Fun Run & Walk will be held on April 2, 2023 in Manahawkin!
- Divorce Court 101: 5 Simple Rules and Tips
- Gaming and entertainment company Spinrack Corporation, appoints Jesse Norton as Chief Marketing Officer
- .Store Domains launches Elevate.store – a free-to-use platform for online sellers with deals on business tools
- GP GLOBAL GROUP Secures $18M Sale of Shoppes at 41st Street Retail Plaza in Doral, Florida, with $11.5M CMBS Loan Assumption
- HLN's Immunization Calculation Engine (ICE) is continually updated to support new COVID-19 recommendations
- Rewilding Ireland with Lord Dunsany and IrishTrees
- The Tokyo Rebels Announces the Release of Their Groundbreaking Whitepaper
- Armadillos with Benefits™ - PicPocket-Labs, Inc. details its plans/roadmap at SxSW for combining "location-based NFTs" and loyalty programs
- Microsoft-Backed HRtech Startup ZingHR Invests In SaaS Startup LokiBots
- World Sleep Day, why do we celebrate?
- HGR Alcohol Detox Centers in San Diego Accepts Most Health Insurances
- ShopCHARLI.com Launches Online Store With a Hot New Spring Collection that Doesn't Miss
- Breaking Barriers Every Day at Ocean Partnership for Children
- Congressman Mark Alford endorsed by Veterans for Trump on his 2024 re-election
- February 2023 Financial Market Review
- Bicycle Sunshade Expands Product Line with Two New Colors
- The Past Reflects A Future - Daniel Imperato 2024 Is Back Again. Which Party?