Yida Gao and Shima Capital Celebrate Portfolio Company's Successful NFT Sellout
The Floridant/10219199

SAN FRANCISCO - Floridant -- Today Shima Capital is proud to celebrate the successful sell-out of Spice Finance's first NFT drop. The organization is a portfolio company at Shima Capital, the web3 venture capital fund founded by Yida Gao in 2021. The NFT collection, titled Prologue, consisted of 555 NFTs (Non-Fungible Tokens) and is the first NFT collection representing a position in a DeFi vault. These vaults exist on infrastructure developed by Spice to aggregate and simplify NFT lending.

Yida Gao believes Spice Finance is poised to become a leader in NFTFi, also known as NFT Finance, a concept born from the idea of combining DeFi and NFTs to attract new investors and increase liquidity for current participants. NFTFi platforms allow owners to earn real yield from their NFTs, instead of letting them sit idle in their crypto wallets.

More on The Floridant

• Florida: Governor DeSantis Signs One Bill
• Governor Ron DeSantis Signs Historic Legislation to Expand School Choice Options to All Florida Students
• Le principali economie mondiali stanno cercando di recuperare il tempo perduto mentre l'adozione diffusa facilita la crescita dei pagamenti in tempo reale a livello globale, rivela un rapporto di ACI Worldwide
• Genie Script: 20 Word Script by Wesley Virgin
• BOCA BACCHANAL to Present Distillers Dinner at The Boca Raton on April 28

Shima Capital is always on the lookout for new opportunities in the web3 space; in other words the next big, new thing. With NFTs already one of the hottest verticals around, Spice Finance and NFTFi in general were a natural entrant into Shima's portfolio.

Shima Capital takes great pride in the success of their portfolio companies, and couldn't be happier for Spice Finance's success. After months of planning, the complete collection of 555 unique NFTs minted out within hours. And although Spice Finance can be credited with the successful launch, Yida Gao's team at Shima was there every step of the way to help ensure each aspect of the NFT event went smoothly. The same can be said for many other projects in their portfolio.

Inspired by the Dune series, Prologue is designed to give financial power to holders, allowing you to bridge the gap between DeFi and NFTFi. With a Prologue NFT, you're not just getting a lego piece, you are getting a foundation.

More on The Floridant

• Jake Paul Teams Up with The Berman Team, Sponsored by Berman Law Group for charity event supporting Boxing Bullies
• Virtual Reality Arena and Laser Tag Maze now open at Dezerland Action Park Orlando
• ARISE Foundation Adds to its Digital Library "The Bully Book"
• Fulltale Outdoors Launches Eco Kayak Fishing Tour on Space Coast Near Orlando
• Matt Fogelgren to Join Cleartelligence Executive Team as Chief Revenue Officer

Spice Finance's Prologue NFT drop was just one of many web3 success stories coming from companies invested in by Yida Gao and Shima Capital, and certainly won't be the last. To follow and learn more about all companies in their portfolio, visit www.shima.capital.

About Shima Capital

Shima Capital is a leading early stage VC firm, founded by Yida Gao in 2021, investing in disruptive blockchain companies. The fund is deeply focused on taking a hands-on approach and working closely with its portfolio companies to provide the most sweat equity per dollar invested. As teams in Web3 push the frontier of innovation, Shima helps hire talent, build community, amplify narratives, and foster the acceleration of technical research and development. Shima is composed of seasoned investors, accomplished operators, and former founders who align on a mission to support all-star teams with building and scaling generational companies. For more https://shima.capital/