NFTs News

NFT Trading And Pricing Protocol Waterfall Closes $4 Million Seed Round

NFT trading and pricing protocol Waterfall closed a $4 million seed round led by Electric Capital and Pantera Capital. The funds raised will be used to scale the team and build the NFT trading and pricing protocol.
NFT Trading And Pricing Protocol Waterfall Closes $4 Million Seed Round 3

The project announces raising a $4 million seed round led by Electric Capital and Pantera Capital to build an NFT trading and pricing protocol.

Waterfall is an on-chain NFT trading and pricing protocol. The project is looking to make NFTs more composable and productive by developing new NFT financial derivatives and mechanisms.

It designed and built out the trading and pricing mechanism, which allows users to trade chips to predict NFTs prices, providing instant price discovery.

When an NFT is listed on the protocol, it fractionalizes the NFT into a specified number of chips: ERC-1155 tokens that represent predictions on the NFT’s future valuation. They may exchange hands, however, but the main invariant the mechanism maintains is that all chips must be listed at all times.

NFT Trading And Pricing Protocol Waterfall Closes $4 Million Seed Round 4

In other words, each chip has a price that anyone can match to acquire it. This remains true until somebody decides to buy out the NFT, which pays out each of the chip owners and transfers the NFT out of the protocol to the buyer.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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