Yida Gao and Shima Capital celebrate the successful sale of NFT by the holding company
- Susan G. Hall
- on Feb 01, 2023
The entire collection sold out within hours of its fall
SAN FRANCISCO, January 31, 2023 /PRNewswire/ — Today, Shima Capital is proud to celebrate the successful sale of Spice Finance’s first NFT drop. The organization is a portfolio company of Shima Capital, the web3 venture capital fund founded by Yida Gao in 2021. The NFT collection, entitled Prologue, composed of 555 NFT (Non-Fungible Tokens) and is the first NFT collection representing a position in a DeFi vault. These vaults exist on an infrastructure developed by Spice to aggregate and simplify NFT loans.
Yida Gao believes that Spice Finance is poised to become a leader in NFTFi, also known as NFT Finance, a concept born from the idea of combining DeFi and NFT to attract new investors and increase liquidity for current participants. NFTFi platforms allow owners to earn a real return from their NFTs, instead of letting them sit idle in their crypto wallets.
Shima Capital is always looking for new opportunities in the web3 space; in other words, the next big thing. With NFT already being one of the hottest verticals, Spice Finance and NFTFi in general were a natural entrant into Shima’s portfolio.
Shima Capital is very proud of the success of its portfolio companies and couldn’t be happier with the success of Spice Finance. After months of planning, the entire collection of 555 unique NFTs was created in a matter of hours. And while Spice Finance can be credited with the successful launch, At Yida Gao Shima’s team was there every step of the way to help ensure every aspect of the NFT event ran smoothly. The same goes for many other projects in their portfolio.
Inspired by the Dune series, Prologue is designed to empower holders financially, allowing you to bridge the gap between DeFi and NFTFi. With an NFT Prologue, you don’t just get a lego piece, you get a foundation.
Spice Finance’s Prologue NFT drop was just one of many Web3 success stories from companies in which Yida Gao and Shima Capital, and certainly won’t be the last. To follow and learn more about all the companies in their portfolio, visit www.shima.capital.
About Shima Capital
Shima Capital is a leading venture capital firm, founded by Yida Gao in 2021, investing in disruptive blockchain companies. The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most equity per dollar invested. As Web3 teams push the boundaries of innovation, Shima helps hire talent, build community, amplify stories, and drive accelerated technical research and development. Shima is comprised of seasoned investors, accomplished operators, and past founders who are aligned on a mission to support star teams in building and scaling generational businesses. For more https://shima.capital/
Press release issued by PR Log
SOURCE Shima Capital
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