Naver D2SF announced that it has made a new investment in ‘NFT Bank (Corporate name: ContactsIO)’, which developed an NFT asset management platform. While various NFT-based financial projects have recently emerged in the global market, NFT Bank is a startup that is growing as a foundational platform for the NFT industry based on its outstanding data analysis capabilities and understanding of the NFT market.
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 preferences, NFT transaction status, and market trends, and helps in NFT financial decision-making. In particular, through its own highly reliable algorithm, it provides detailed asset evaluation information such as NFT’s current value, lowest price, and return on investment.
Currently, NFT Bank has secured global companies such as NFT Pie and Fine Protocol, which provide NFT financial services, as partners and is tracking assets of large-scale NFT projects and providing predicted prices. Individual users who own NFTs can also check and manage the value of their NFT assets on a wallet basis by accessing the NFT Bank website.
NFT Bank is a team with an excellent understanding of data and NFTs, and its members include members who have proven their capabilities in domestic and foreign tech companies and the financial sector, such as Naver, Facebook, Kakao, Coupang, Riiid, and asset management companies. CEO Minsoo Kim is a data scientist who has been verifying market opportunities by pursuing various projects in the NFT community even before starting his business.
Yang Sang-hwan, leader of Naver D2SF, said, “Recently, NFT financial services have emerged in the market, such as providing loan services using NFT as collateral or renting the NFT itself, providing a new user experience.” “NFT Bank is the foundation of NFT finance.” “As a team that has developed a platform for asset value, we are quickly creating a presence on the global stage and we expect it to grow even further,” he said, explaining the purpose of the investment.
Minsoo Kim, CEO of NFT Bank, said, “With this investment attraction, we will actively recruit talented people with an interest in data, finance, and NFTs across all fields.” He added, “Even if winter comes to the NFT market, we will continue to maintain our technological competitiveness and customer base.” “By solidifying our capabilities, we will stand tall as a standard company in the NFT market when spring comes,” he said.
Meanwhile, Naver D2SF has been steadily investing in startups that can grow into foundational platforms in the blockchain and NFT fields. Representative companies include ▲DSRV Labs, a blockchain infrastructure technology startup, and ▲Planetarium Labs, which developed a blockchain-based game engine.
Source: Pangyo Techno Valley Official Newsroom
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