Waterfall $4M Seed Round
Electric Capital and Pantera Capital led the Waterfall $4M Seed Round to build an NFT trading and pricing protocol.
Waterfall believes accurate and fair NFT pricing will make the digital ecosystem much more efficient and enable productive use cases such as lending, advanced trading strategies, and more.
There’s currently no clear way to price NFTs beyond floor NFTs. For “rarer” NFTs in a famous collection, “1 of 1” NFTs, or NFTs from a less popular collection, pricing is even more arbitrary.
Within large collections, the floor price can serve as a reference point: an NFT priced at or near it will likely sell. However, there are no such reference points for 1 of 1s and illiquid collections. Without a way to determine fair prices, the market is extremely inefficient: there is no price discovery for many assets. We want to provide price discovery for any NFT.
Additionally, due to their discreteness, it’s easy for NFTs to become illiquid. Paired with the requirement of having to acquire whole NFTs, trading becomes very risky or inaccessible. By allowing people to trade NFTs without having to acquire entire NFTs, we unlock more liquidity in NFT trading.
Furthermore, with the recent fundraiser, Waterfall is looking to scale its team to develop a protocol that funnels increased price exposure as an input to solve price discovery for NFTs.
What is Waterfall?
Waterfall is an on-chain NFT trading and pricing protocol. The platform makes NFTs more composable and productive by developing new NFT infrastructure and mechanisms. They designed and built out their trading and pricing mechanism, which allows users to trade chips to predict NFTs prices, providing instant price discovery.
ABOUT Waterfall
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.
