Non -fungible tokens (NFT) may be well out of their sparkling heights, but don’t tell Jupiter. The best Defi exchange of Solana has just brought the DRIP HAUS digital collectible platform to its orbit.
The acquisition is part of Jupiter’s impulse to become what Kash Dhanda de Jupiter calls the “Solana Super App: a home not only for financial instruments merchants such as Swaps and Pers, but also for connoisseurs of digital culture.
“We don’t believe it,” Dhanda said about the NFT Doomsayers. “We believe that NFTs are here in the long term.”
Built from the bricks of the short -term Solana store, Drip Haus survived the brutal recession of the NFT market as a digital collectible distribution center. Instead of trade, it focuses on spreading: new companies through Solanaland turn and send their visual campaigns in the drip, according to Dhanda, who estimates that he now creates the vast majority of Solana NFT that “are not spam”.
The founder of Dhanda and Drip Labs, Vibhu Norby, declined to declare how much Jupiter paid in the agreement of all the troops. A person familiar with the agreement estimated the funds raised twice. The startup previously raised $ 11.5 million of risk investors.
Jupiter’s co -founder, Meow, hinted at the acquisition at the end of February during his campaign to defer a multimillionaire tokens payment, which produces more JUP for him later while he finances tokens incentive programs for acquisition equipment now. Norby confirmed that his team will receive files from the Incentive Program.
Half of the team of eight people from Drip will continue working on the distribution platform, while the other half will focus on reinforcing the current NFT capabilities of Jupiter, more critically by adding a swap router to the home page of Exchange Defi.
Norby will supervise the drip of an “executive and strategic point of view” from within Jupiter. While the Drip brand will remain separate, Norby said that its visual identity will be rework to align more closely with the new nodriza ship. He is also working on the construction of a really excellent NFT experience “within Jupiter’s mobile application.
