Jump to content

NFT Management Application Floor Acquires Data Platform WGMI.io

Luna Ramsay

Recommended Posts

Non-fungible token (NFT) management application Floor has acquired WGMI.io, an NFT data platform, the company said Monday.

Floor, which allows traders to view and manage their portfolio of NFTs, will soon give users a more robust experience by incorporating WGMI.io’s dataset. Users will be able to view not only their assets but also associated price floors and trading volumes.

Chris Maddern, co-founder and CEO of Floor, told CoinDesk that NFTs represent the intersection of “culture and money,” and that it is important to create a platform that supports those facets with data.

“People just don't want to spend hours going and looking at all these [marketplaces] to figure out what's going on,” said Maddern. “What we found is that people can now start to spend more of their time actually making [trading] decisions and diving into the communities that are behind those collections.”

The Floor iOS and Android app is currently in a closed beta test for a small community of token holders. It is led by co-founder and chief operating officer Christine Brown, who was previously the crypto chief operating officer at investing platform Robinhood, and co-founder and chief technology officer Siddhartha Dabral, who formerly founded software company Button Inc.

In June of last year, Floor raised $8 million in a Series A round led by 6th Man Ventures, the investment firm led by Mike Dudas, founder of crypto publication The Block.

Currently, Floor supports data from collections minted on Ethereum and Polygon, and plans to incorporate more chains down the line.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • Create New...