Search
Close this search box.

NFT Management Application Floor Acquires Data Platform WGMI.io

NFT Management Application Floor Acquires Data Platform WGMI.io

Non-fungible token (NFT) management software Floor announced the acquisition of WGMI.io, an NFT data platform, on Monday.

Floor, a platform that allows traders to view and manage their NFT portfolio, will soon provide users with a more robust experience by incorporating WGMI.io’s dataset. Users will be able to see not only their assets but also the price floors and trading volumes associated with them.

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

“People simply don’t want to spend hours sifting through all these [marketplaces] to determine what’s happening,” according to Maddern. “What we discovered is that people can now spend more time actually making trading decisions and delving into the communities that are behind those collections.”

The Floor iOS and Android apps are currently in closed beta testing for a select group of token holders. It is led by co-founder and CEO Christine Brown, who was previously the crypto chief operating officer at investing platform Robinhood, and co-founder and CTO Siddhartha Dabral, who founded software company Button Inc.

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, in June last year.

Floor currently supports data from collections minted on Ethereum and Polygon, with plans to add more chains in the future.

Share to Social Media

Leave a Comment

Your email address will not be published. Required fields are marked *