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Waterfall - Seed
Overview
About Waterfall - Seed
Waterfall has raised a $4M seed round led by Electric Capital and Pantera Capital to build an NFT trading and pricing protocol. With the recent fundraise, Waterfall is looking to scale the team to develop a protocol that funnels increased price exposure as an input to solve price discovery for NFTs.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2018 | 85 | -- | ||
| Fund | United States of America | 2013 | 157 | [email protected] |
Founders & Team
Shane Fan
Company Profile / Project Introduction
Waterfall is an on-chain NFT (ERC-721) trading and pricing protocol. The mechanism intends to provide price discovery and instant price querying for NFTs that are listed on the protocol (i.e. it does not appraise any NFTs that isn't being sold).
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. In other words, each chip has a price that anyone can match to acquire it. This remains true until somebody decides to buyout the NFT, which pays out each of the chip owners and transfers the NFT out of the protocol to the buyer.