Zumer featured on Polygon DAO’s AMA
Major announcements and NFT giveaways are on the headline of Zumer’s appearance at Polygon DAO’s Twitter Space AMA
Before we start the recap, for those of you eager to hear it all right from the source, the link to the AMA recording is in the Tweet below 👇
As part of its efforts to promote up-and-coming web3 projects and democratize concepts through expert talks, Polygon DAO organized a Twitter space AMA on the 12th of October on the topic of “Types of DAOs: From social to investment”.
As an upcoming DeFi, NFT, and Metaverse major player, Zumer was invited to present its vision to the large Twitter audience gathered around one of the industry-leading protocols and DAOs — Polygon.
The first part of the AMA was led by an STP Networks representative who introduced the idea behind DAOs and their role in attracting people to the web3 community and ecosystem. The discussion then moved to the types of DAOs and their implementations in several industries, such as real estate and DeFi.
The second part of the AMA gave the floor to two rising stars in the ecosystem, Sumeria Labs and Rocifi, to pitch their ideas to the polygon DAO community.
Our co-founder, Sy, rocked the space with an intriguing pitch where he introduced the audience to the history and potential of the Lab’s first project, Zumer Protocol. The idea behind Zumer, Sy explained, sprang from the obvious liquidity issues with which NFT holders and NFT projects continuously have to deal. Sy went on to explain how the Zumer protocol, a multi-chain one-stop liquidity protocol for NFTs, leverages its technology to offer NFT projects the opportunity to create their own financing pools.
Why NFTs?
An interesting question was raised by the co-host and moderator of the event on the reason why the Zumer team chose to work around NFT lending.
Sy explained the stark dichotomy between the market capital of the NFT projects which is approximately around $20 Billion, and the meager $150M to $200M size of the NFT lending space. The lending market is set to scale exponentially in the next period as the volatility of NFT prices stabilizes with institutional influence and the rise of the metaverse.
The awaited Buy Now Pay Later feature
With the rise of blue chip NFTs, the barrier to entry for collectors and enthusiasts has risen significantly. Sy introduced one of Zumer’s hottest features helping NFT projects expand their communities while easing the enthusiasts’ way into the space: The Buy Now Pay Later option. In essence, NFT buyers can now acquire assets from their favorite projects with just a small down payment and have the rest of the installments scheduled at a later stage.
Sy announced that the Zumer team is currently working with two NFT gaming projects to allow players to purchase game assets and join guilds through the BNPL option.
Coming up!
Exclusively to the Polygon DAO community, Sy announced that Zumer will be launching on Polygon and other chains’ testnet in the first half of 2023.
To put the cherry on top, all participants of the space had the chance to fill out a form signing them up to test the Zumer protocol and be selected among five lucky winners to receive the Zumer membership.
Stay in the Zumer loop! ⚡
