Floor Protocol @floorprotocol

Joined July 2023

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Floor Protocol @floorprotocol

9 months ago

Following our announcement in July about Floor Protocol's strategic pivot toward corporate-focused services, we're excited to share that we are now officially part of Yeti Ventures' crypto portfolio. As the Real World Assets (RWA) sector continues to expand, we see significant opportunities for our fractionalization technology to play a crucial role in bridging traditional and digital asset markets. Our web3 consumer services are entering a planned sunset phase. While our contracts with liquidity partners have concluded, they have graciously agreed to maintain minimum liquidity through October 15th to facilitate user exits. After this date, FPv2 will cease operations. We strongly advise FPv1 uToken holders to upgrade their tokens immediately, and recommend that FPv2 token holders redeem their NFTs and exit fractional positions before the October 15th deadline. This transition marks an evolution, not an end, for Floor Protocol. Our recent success in facilitating corporate acquisitions totaling over $20 million has validated our approach and reinforced our commitment to expanding into B2B NFT services and RWA solutions.

Floor Protocol @floorprotocol

10 months ago

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Floor Protocol @floorprotocol

10 months ago

FPv2 launched in October 2024 with the goal of becoming the next-generation NFT marketplace, utilizing hybrid technology to enhance NFT liquidity. Reservoir has been an essential part of our infrastructure, enabling us to aggregate listings from traditional marketplaces and provide the largest selection of listings for all supported collections. Since Reservoir announced the sunset of their service, we have been exploring new opportunities in the NFT space. One of our most significant findings is that corporate liquidity has been increasingly interested in the NFT sector since early this year. Over the past few months, we have successfully facilitated strategic long-term partnerships between pioneering funds and FP's liquidity providers. This success has initiated an internal transition, positioning us to become one of the first 2B NFT service providers in the market. To accelerate this shift, we onboarded a new management team in May to reallocate assets between our 2C platform (FPv2) and our 2B services. Resource allocation will be determined by trading volume metrics, with lower-volume collections potentially no longer accepting new deposits. We have communicated these changes to all our liquidity partners, who have committed to maintaining minimum liquidity requirements throughout our transition to the new business model.

Reservoir @reservoir0x

a year ago

After much consideration, we’ve decided to sunset Reservoir NFT, the API, and associated services on October 15th, 2025. Thank you to all our customers & partners for your trust and support over the years. 🧵