We’re looking to build partnerships.
Lending platform that uses NFTs as collateral efficiently. Integration of illiquid assets into DeFi. This will be followed by a series of other infrastructure tools for NFTs.
| Pains that we are solving | With Kairos |
|---|---|
| illiquid market | deep liquidity |
| difficulty to price assets | instant borrowing |
| ineffective user experience | high LTV / keep the utility |
The NFT market has experienced strong growth, particularly through PFPs ($68B secondary sales volume in total). We believe this is just the beginning. Many use cases using NFTs are under development. The video game industry is already starting to integrate these mechanisms allowing users to own their assets. Investments in this direction are growing rapidly ($2B raised by Epic Games, $700M a16z gaming fund, $200M Polygon gaming fund, etc.). The Head of Research of crypto.com estimated that the blockchain gaming market will grow at a CAGR of 100%, from $1.5B in 2021 to $50B in 2025. Today it is complicated to extract and use the value that these NFTs hold. Whether it is to invest elsewhere, use leverage or hedge risk. The penetration rate of the NFT credit market is only around 1% (compared to 10% with liquid assets) due to the lack of efficient tools.
Today we are developing a base layer protocol to make the integration to DeFi through borrowing in a fast, efficient and easily integrable way. Independent games will be released within 1 year, double and triple A within 1 to 5 years. We need to start building the infrastructure today.
Our long term vision is to build infrastructure tools for NFTs, we already have several MVPs of access control tools to share or rent assets in an efficient and scalable way.
We are currently in the private Tesnet phase. We will open to the first batch of beta testers by the end of the month. We received 5k registrations in 24 hours to become a beta tester.
We have the two biggest LPs on board as beta testers. The project had already received support from Aave, Polygon Village and Crypto.com.
Go to market strategy: