John Kim

162 followers Estimated to capture between ~$25-40 billion in 2021, the market experienced exponential growth during the latter half of the year. In fact, the total volume exchanged daily grew 150X from ~$60,000 in July 2020 to ~$10,000,000 in March 2021. As growth forecasts continue to fuel the recent craze for non-fungible tokenized collectibles, retail investors are increasingly likely to consider NFTs as alternative investment vehicles (while 66% of secondary sales occurred at a price lower than their corresponding primary sale in 2017, it only occurred in 27% of cases in 2021). However, NFTs are also prone to behave as speculative assets, and their volatility can deter the on-boarding of risk-averse, less crypto-savvy investors. If they are to enter the NFT market at all, these investors will prefer safer investment options, commonly referred to as “blue-chip” NFTs for their historically sustained growth and value accrual. Unfortunately, these NFTs can range from hundreds of thousands to millions of USD in price, well above the budget of everyday retail investors. Renaissance Labs aims to solve this problem. By using our proprietary fractionalization mechanisms to create, distribute, and govern fractionalized liquidity for NFTs, Renaissance Labs revolutionizes the ownership and derivative use-cases of NFTs and broadens the availability of investment opportunities in the NFT market for players of all sizes and risk preferences. We're looking to expand our future products and services to NFT derivatives and the fNFT-collateralized lending market with a user-centric experience. We're looking for like-minded visionaries with development skills. We hire at a sustainable rate with a high standard. If you want to join the team, reach out!

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