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MetaStreet operates its decentralized finance protocol, generating liquidity and yield from illiquid on-chain digital assets via "Object-Oriented Finance." It converts non-fungible assets into tradable financial products. Offerings include NodeFi Yield Pass for node yields/NFT airdrops and specialized GPU financing, letting owners monetize assets like NFTs, GPUs, and real-world assets in DeFi.
MetaStreet is Permian Labs' primary protocol, founded in 2021 by David Choi, Conor Moore, and Ivan Sergeev. They identified economic potential in hard-to-trade on-chain assets. Their combined traditional finance and Web3 backgrounds provided expertise to build novel primitives for digital asset classes.
The protocol serves digital asset owners with idle computing nodes, NFTs, and decentralized physical infrastructure (DePIN) assets. MetaStreet envisions a framework for object-oriented finance, creating efficient markets for illiquid digital property. It expands yield generation and liquidity for on-chain objects, fostering a dynamic digital economy.
MetaStreet has 2 tracked investments across 2 companies. The latest tracked deal is $9.0M Seed in Delegate in January 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Jan 1, 2024 | Delegate | $9.0M Seed | — | CrunchFund, Dragonfly Capital, Portag3 Ventures, Rarestone Capital, DO Kwon, Arca, Arrington Capital, Bloccelerate, Coinbase Ventures, Collab+Currency, Electric Capital, Mask Network, Polygon Labs, PTC Crypto, Variant |
| Jul 1, 2022 | reNFT | $5.0M Seed | — | Animoca Brands, Bankless Ventures, Gumi Cryptos Capital, Infinity Ventures Crypto, Mechanism Capital, Scalar Capital, Sebastien Borget, Animoca Ventures, Daedalus Angels, Emoote, Everyrealm, Fourth Revolution Capital, Gemini, Inception Capital, Lattice, LongHash Ventures, Moonfire Ventures, Morningstar Ventures, OpenSea, Sfermion, Skyvision Capital, The Sandbox, Zentry |
