Shard Dubai NFTFi Online Demo Day List of Selected Projects

As the market picks up, NFT itself, as a core asset, will recover and strengthen, and related supporting facilities NFTFi will face blowout demand.

Written by: Sharding Capital

Shard Dubai NFTFi Online Demo Day will be held on May 17 at 10:00 pm Beijing time. This event is initiated by Sharding Capital, an early Web3 fund. Participation links are at the end of the article.

Shard Dubai Demo day is the first and largest local DemoDay event in Dubai. Seven project parties were selected for this NFTFi Demo Day. Below is a list of participating projects.

Project Name: Wasabi

Introduction: As an NFT option on the chain, Wasabi focuses on interoperability and modular design, and supports dApps that complement options, derivatives, and metamarkets. In more detail, Wasabi likens itself to a gear that aims to be a gathering center for NFT liquidity. Therefore, Wasabi not only focuses on NFT PFP, but will also provide on-chain options for various types of assets such as real assets (RWA), artwork, metaverse, and games in the future. It is worth mentioning that each option (options) is an NFT, which means that users can buy and sell in the trading market before the option expires. In addition, the Wasabi team is not thinking about competing with other protocols, but cooperating. At present, the main network has been launched, and the SZN 1 Points Program is underway in the first quarter. Similar to Blur's incentive activities, there may be airdrops in the future.

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Project Name: InsrtFinance

Introduction: Insrt Finance is a protocol for the popularization of blue-chip NFT benefits, aiming to make it as simple as possible for ordinary users to enter the NFT world. More specifically, Insrt Finance currently provides ShardVaults of different blue-chip NFTs, including CryptoPunk, Bored Ape Yacht Club, EtherRock, Bong Bear, Pudgy Penguins, Milady Maker, etc. Users can buy Shards to bet on the price increase of this series of NFTs And get a potential airdrop. It is reported that ShardVault is currently only the first step of the roadmap, and it will develop in the direction of meeting more user needs in the future, such as games, music, RWA and so on. They have currently completed a $2.3 million seed round of financing, co-led by Hashkey Capital and Infinite Capital, followed by Sky9 Capital, Polygon's DeFi leader Hamzah Khan, and others. There are already 11 ShardVaults, and there are airdrop expectations.

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Project Name: Sujiko

Introduction: Sujiko is a derivatives-based decentralized exchange focusing on NFT contracts. To expand, users can trade for as little as $1 and use 10x leverage to trade a range of blue-chip NFT assets on Solana, Ethereum, and Polygon. In terms of pricing, Sujiko has integrated Pyth Oracle, Magic Eden, Blur, Tensor, etc. to obtain prices and set up robots to eliminate invalid transactions. In terms of liquidity, Sujiko uses vAMM, limit orders, rebase and insurance pools to protect liquidity providers. At present, the test application is open, and interested friends can go to the official website to have a look.

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Project name: DΞX

Introduction: DΞX aims to realize the trading of NFT like trading cryptocurrencies, lowering the transaction threshold for users and providing a series of financial derivatives functions. In v1.0, the transaction and liquidity are similar to Uniswap, and users can also obtain a share of the service fee by providing liquidity. Users can use ETH to obtain the voucher to exchange the NFT on the platform, that is, they can get a random NFT through redemption or a specified NFT through auction. In addition, if one day you don't like the NFT in hand, you can randomly get an NFT of the same series through Swap. At present, the agreement has opened the Waitlist application, and interested partners can submit applications on the official website.

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Project Name: Strike

Introduction: Strike simplifies the process of earning income on NFT and maximizes liquidity by creating NFT collectible option vaults (SNOVs), supporting a smooth options trading experience. The first product is a reserve subscription strategy inspired by Dopex SSOVs, which can passively deposit important blue-chip NFTs to obtain royalties. The product is very simple and easy to understand and can be claimed automatically, which is in line with the habits of NFT players. At present, the agreement has opened the Waitlist application, and interested partners can submit applications on the official website.

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Project Name: Nibbl

Introduction: Nibbl uses NFT Backed editions to enable multiple people to jointly own NFT. Compared with the current NFTFi, which is more financially inclined, Nibbl's core goal is to capture products that are more inclined to community status symbols, so that NFT can obtain as large a community as possible. By fragmenting it into ERC20 or ERC1155, Nibbl allows more people to hold it and empower the NFT together to make it more interesting and valuable. Nibbl supports Ethereum and other EVM chains, which means that users can convert NFT in EVM to gain more supporters. Earlier, Nibbl was supported by LongHash, Libertus Capital, Collab+Currency, Polygon co-founder Sandeep Naliwal, Sandbox co-founder Sebastien Borge, Gnosis co-founder Stefan George, Biconomy co-founder Aniket Jindal, and many others. The product is already online.

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The projects selected this time mainly revolve around the NFT finance (NFTfi) track. The investment research team of Sharding Capital believes that NFT, as the core asset itself, will recover and strengthen, then the related supporting facilities NFTFi will face a blowout demand.

Although the current NFT market is in a bear market, NFT trading volume has dropped by more than 90% compared to ATH, which can be said to have fallen to freezing point.

With the gradual pick-up of mainstream cryptocurrencies, retail interest may slowly return. At the same time, considering that the market value of NFT is several times smaller than that of DeFi, the NFT sector should perform better than other sectors in the short to medium term. At the same time, NFT holders will also start to use NFTfi applications to increase the utility of their NFTs. Therefore, Sharding believes that the NFT sector Might start growing again. These projects are either providing better native application services along the direction of NFT development, or building solutions that are easier to bring users outside the circle.

This event will invite a group of high-quality early Web3 founders, active Middle East and Asian VCs, and angel investors to participate in this NFTFi DemoDay.

The Zoom access link is as follows:

About ShardingCapital

Sharding Capital is an early-stage boutique investment institution focusing on infrastructure, middleware and other underlying protocol layer innovations. The team members all have rich Web3 industry resources and project operation experience. With the deep resources in the Middle East and Asia, Sharding Capital can support the global portfolio for accurate market penetration and meaningful exposure.

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Twitter: @shardingcapital

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