Naver D2SF announced it has newly invested in a startup named NFT Bank (corporate name: Contxts.io). This startup developed a platform that helps the management of NFT assets. In the global market, new financial projects based on non-fungible tokens are being carried out. With this trend, NFT bank became a fast-growing startup that specializes in Non-fungible tokens. This company boasts the capability to analyze data and understand the NFT market trend.
NFT Bank has developed a platform to evaluate and manage NFT assets. It is a platform that analyzes the value of NFT assets based on various data such as user propensity, NFT transaction status, and market trends to help NFT financial decisions. In particular, through its own algorithm of high reliability, it provides detailed asset evaluation information such as NFT's current value, lowest price, and return on investment.
NFT Bank is partnering with other companies, such as NFT Pie and Fine Protocol, which provide NFT financial services, and is providing expected prices by tracking assets of large-scale NFT projects. Individual users who own NFT can also check and manage their NFT asset value by wallet by accessing the NFT Bank website.
NFT Bank is a team with a good understanding of data and NFT, with members who have proven their capabilities on the global stage, such as Naver, Facebook, Kakao, Coupang, Ruid. These foreign and domestic companies are tech and asset management companies. CEO Kim Min-soo is a data scientist and has verified market opportunities by running various projects in the NFT community even before its establishment.
"NFT financial services, such as providing loan services with NFT as collateral or renting NFT itself, have recently emerged in the market," said Yang Sang-hwan, leader of Naver D2SF. He also added, "NFT Bank is a team that developed an asset value platform that is the basis of NFT finance and expects to grow further on the global stage."
"With this investment, we will actively hire talented people who are interested in data, finance, and NFT," said Kim Min-soo, CEO of NFT Bank. He also added, "Even if winter is coming for the NFT market, we will continue to strengthen our technology competitiveness and build up our customer base to become an exemplary case in the NFT market when spring comes."
Meanwhile, Naver D2SF has been making investments in startups that can serve as a platform in the blockchain and NFT fields. There are representative companies such as DSRV Labs, a startup of blockchain infrastructure technology, and Planetarium Labs, which developed a game engine based on blockchain.
Source: Pangyo Techno Valley Official Newsroom