Founders of Nodeseeds wasted little time in starting to explore what the DeFi space had to offer, at its creation in the first half of 2020.
Also, with its very first partnerships announced to its diverse and passionate community, the development of its network has been taking place ever since — and March 2021 saw the project launch
Nodeseeds plans to expand its team, diversify the projects it takes an interest in, secure new partners and evolve into a decentralized autonomous organization that vets the opportunities that exist in this space, looking ahead to the rest of the year.
Setting a target of buying back tokens and burning them on a weekly basis. Research on further opportunities will continue well into next year, and the project is going to explore the possibility of launching new types of funds, by the end of 2021, Nodeseeds wants to play a role in incubating new projects.
Unlike Polkastarter, setting out what makes its offering different from rivals in the marketplace, Nodeseeds says it eliminates the need for Know Your Customer checks and is completely free of whitelists. It also offers support for seed rounds, which can mark a significant milestone for high-growth projects as they achieve larger valuations. Nodeseeds’ buy-and-burn approach and support for liquidity mining isn’t provided by the likes of Ferrum either.
Just some of the crypto projects that are part of Nodeseeds’ portfolio include Occam.fi, which is building the first-ever comprehensive suite of DeFi products on Cardano. This came hot off the heels of an investment in Blockbank, a non-custodial app that is set to deliver a blend of centralized and decentralized finance to enthusiasts.
Other entrants in the portfolio aim to solve some of the most pressing issues facing the cryptocurrency sector right now. Nodeseeds has a stake in Smartswap, which paves the way for decentralized, one-click swaps between Ethereum and Binance Smart Chain.
It has also gained exposure to NFTFY, a permissionless and decentralized protocol that allows anyone to fractionize NFTs into ERC-20 tokens. This project aims to solve three main problems that remain for investors who want to interact with NFTs: Low liquidity, the high risks associated with purchasing expensive items, and the monetization of assets. Sharing ownership has been touted as one way of tackling these issues.