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Liquidium | Blog
June 21, 2023
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8 min read

Liquidium Update - Last Call

Dear Investor,

Our current funding round, at a valuation of $5M, will end this Sunday. We want to thank all investors who have joined and filled this round so quickly. However, this is not the end. Next week, on June 27th, we will have our demo day for the Bitcoin Frontier Fund. Be sure to tune in here. We are excited to be there and to meet a bunch of great investors.

As we have experienced high demand during this round, we will increase the valuation to $7.5 million for all new deals after Sunday. Before Sunday, we are still accepting small checks of $10k to $100k while we are waiting for the finalization of some investors. Feel free to schedule a time with me (Robin - CEO) here.

Here's a summary of what happened at Liquidium last week:

We have partnered with Bitcoin Rocks, a sub-200 collection with a floor price of over 10 BTC. Our CMO, Julian, will be speaking at BlockDown in Portugal in July, and Robin, our CEO, will be a panelist at a Bitcoin conference on July 13th. We are currently testing Liquidium internally for our closed beta launch. We have made progress in recruiting an additional backend developer, and made final UI tweaks for our upcoming product launch. Last weeks our Twitter impressions and engagement were worse than previous weeks because our CMO was on vacation. Lastly, we have received commitments from two more investors and are currently waiting for their signatures.

Accomplishments:

  • We have partnered with Bitcoin Rocks, a sub-200 collection with a floor price of over 10 BTC.

  • Our CMO, Julian, will be speaking at BlockDown in Portugal in July.

  • Robin, our CEO, will be a panelist at a Bitcoin conference on July 13th.

  • We are currently testing Liquidium internally for our closed beta launch.

  • We have made progress in recruiting an additional backend developer.

  • We have made final UI tweaks for our upcoming product launch.

  • We have researched APIs to get more collection stats on Liquidium.

  • Our Twitter impressions and engagement were worse than previous weeks because our CMO was on vacation.

  • We have received commitments from two more investors and are currently waiting for their signatures.

Market Overview

Highlights

  • BlackRock filing for a Bitcoin ETF

  • New Recursive Inscriptions on Bitcoin

  • People are burning their Cryptopunks in order to get Whitelist for Ordinal Maxi Biz

  • New .bitmap standard to create a metaverse on Bitcoin Blockchain using Bitcoin Blocks

Opportunity

NFT lending has seen increased activity with new companies entering the space. Blur released BLEND, a peer-to-peer NFT lending protocol on Ethereum, and Binance launched their own NFT lending platform.

Dune Analytics reports that the NFT lending market on Ethereum has almost reached $2 billion in borrowing volume. In addition, Ordinals have been experiencing substantial weekly growth.

Liquidium is applying a similar concept to Ordinals, which will have a significant impact on the current market. It will be the first DeFi solution for Ordinals, allowing users to borrow and lend BTC using Ordinals as collateral.

Using metrics gathered from our competitors on Ethereum and comparing the Ethereum NFT market to the current Ordinals market, we estimate a daily borrow volume of $1.3 million on Liquidium. This translates to a revenue of approximately $25k per day during the current market. These numbers are expected to increase significantly during the next bull market.

https://docs.google.com/spreadsheets/d/1ehxX4vItM3nnwveoxo8iu3d3ApLPEOoYzujYDkP8ezM/edit?usp=sharing

https://dune.com/impossiblefinance/nft-lending-aggregated-dash

https://dune.com/dgtl_assets/bitcoin-ordinals-analysis

Bitcoin Ordinals Metrics:

  • Total Ordinal Inscriptions: 13,150,334

  • Total Ordinals Fees Paid: $50,825,657

https://dune.com/dgtl_assets/bitcoin-ordinals-analysis

Analytics

Landing Page

Twitter Followers

https://typefully.com/LiquidiumFi/stats?d=7d

Twitter Impressions

https://typefully.com/LiquidiumFi/stats?d=7d

Engagement Highlight

Find relevant resources here (incl. Whitepaper, Docs, Deck).

All best,
Robin & Team

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