Non-fungal symbols (NFTs) can be good from their foamy heights, but don’t tell Jupiter. Solana’s Top Defi Exchange just brought digital collector objects platform drip Haus into his course.
The acquisition is part of Jupiter’s push to become what Jupiter’s Kash Dhanda calls the “Solana Super app:” A home not only for dealers of financial instruments such as swaps and perps, but also for digital culture connoisseurs.
“We don’t believe it,” Dhanda said of NFT Doomsayers. “We think NFTs are here in the long term.”
DRYP HAUS, built of bricks in the short-lived Solana store, survived the NFT market’s brutal downturn as a digital collecting object distribution hub. Instead of shopping, it focuses on communicating: Startups across Solanaland Spin up and send their visual campaigns on drip, according to Dhanda, which now estimates that it now creates the vast majority of Solana NFTs that “are not spam.”
Dhanda and Drip Labs founder Vibhu Norby both refused to disclose how much Jupiter paid in the All-Cash Agreement. A person who is familiar with the agreement estimated it twice the funds raised. The startup earlier raised $ 11.5 million from venture investors.
Jupiter co-founder Meow suggested the acquisition at the end of February during his campaign to postpone a token salary day of several million dollars, giving more Jup to him later while financing token incentive programs for acquired teams now. Norby confirmed that his team will get tokens from the incentives program.
Half of the drips of the eight-seater team will continue to work on the distribution platform, while the other half will focus on strengthening Jupiter’s currently non-existent NFT capabilities, most critically by adding a swaps router to Defi Exchange’s website.
Norby will oversee drip from a “executive, strategic point of view” from Jupiter. While the dripping mark remains separate, Norby said its visual identity will be reworked to adapt more closely with the new mother ship. He is also working to build a “really, really excellent NFT experience” in Jupiter’s mobile app.
