Liquidium Update - Testnet live!
Dear Investors,
First and foremost, a sincere thank you to all who have pledged support for our impending Pre-Seed round. We're thrilled to announce that we've garnered enough soft interest to meet our $500k objective. Yet, as we navigate delays from two funds, we are still welcoming more modest investments ($25k - $100k) from interested Funds or Angel Investors.
Here’s a summary of our recent accomplishments:
We made significant progress last week, including making the platform fully functional on Testnet, improving the deck, scheduling follow-up calls with investors from Miami, and being featured in press releases about BTC Startup Lab. We also hired a freelancer to optimize the user experience and expanded our relationship with DLC partners. Additionally, we added a share button for loan requests on Twitter and explored new concepts for our logo.
Below are our Key Accomplishments, Metrics, and Engagement for this week.
Accomplishments:
Liquidium is now fully functional on Testnet.
We improved our deck at liquidium.link/deck.
Scheduled calls to follow up with investors from Miami.
Content creation schedule for Nirj.
Featured in press releases about BTC Startup Lab: finbold.com/bitcoin-startup-lab-launches-program-supercharging-founders-building-on-bitcoin/ and cryptosaurus.tech/bitcoin-startup-lab-launches-program-supercharging-founders-building-on-bitcoin/.
Hired a freelancer to build our backend to optimize the UX.
We interviewed a BTC developer.
Expanded our relationship with DLC partners.
A button to share loan requests on Twitter was added.
New concepts for logo.
Market Highlights & Opportunity:
Binance launches NFT-lending protocol on Ethereum: https://www.binance.com/en/nft/loan
Crossed 10 million inscriptions
$OXBT BRC-20 launch → onboarded 5,000 more people into the BTC ecosystem and currently has over 30k individual holders
The NFT lending space has been witnessing a surge in activity, with new companies entering the market. Recently, Blur introduced BLEND, a peer-to-peer NFT lending protocol on Ethereum, followed by Binance launching their own NFT lending platform.
According to Dune Analytics, the cumulative borrowing volume in the NFT lending market on Ethereum has approached $2 billion.
Simultaneously, Ordinals, our unique form of digital assets inscribed on Bitcoin, have been experiencing significant growth week after week. With Liquidium applying a similar concept to Ordinals, we anticipate that our platform will have a meaningful impact in the expanding digital asset landscape on native Bitcoin.
By harnessing the capabilities of Liquidium, we aim to offer Ordinal owners an innovative solution for accessing liquidity while retaining ownership and exposure to their valuable assets. As the demand for Ordinals continues to rise, Liquidium is well-positioned to cater to this growing market and establish itself as a prominent player within the dynamic realm of digital assets on Bitcoin.
https://dune.com/impossiblefinance/nft-lending-aggregated-dash
https://dune.com/dgtl_assets/bitcoin-ordinals-analysis
Bitcoin Ordinals Metrics:
Total Ordinal Inscriptions: 10,018,046
Total Ordinals Fees Paid: $44,143,173
https://dune.com/dgtl_assets/bitcoin-ordinals-analysis
Twitter Engagement:
Engagement Highlights
You can get an even more detailed update here.
Read our Whitepaper and Documentation.
Thanks for reading and supporting Liquidium!
All best,
Robin & Team
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