NFT management application Floor announced the successful acquisition of WGMI.io. The company revealed the news via a January 23 update of acquiring the NFT-oriented data platform. Explaining the move, Floor aims to leverage WGMI.io to expand the user experience. Integrating the WGMI.io data platform is set to enable users to showcase data and educate traders.
WGMI.io Dataset Expanding Access to Price and Trading Volume
Floor lauded the acquisition of WGMI.io in the Monday update as facilitative to the app’s users in realizing improved viewership to manage NFTs portfolio. In particular, Floor’s founder and chief executive, Chris Maddern, demonstrated the integration of the WGMI.io dataset would deliver robust experiences allowing users to view assets, attributed price floors, and trading volumes.
Maddern admitted that NFTs are digital assets representing the culture and money intersection. He added that developing a data-backed platform supports the culture and money facets, making NFTs more valuable.
Maddern acknowledged that people are becoming time-conscious and spending fewer hours viewing the marketplaces to figure out the prevailing occurrences. Instead, the Floor executive indicated that more individuals prefer to allocate more time to trading decisions. Consequently, more individuals are pursuing the communities behind the NFTs collections.
Assembly of Floor’s Experienced Team
Maddern explained that Floor is compatible with Android and iOS operating systems though it operates in a closely knit beta test context accessible to a small community of token owners. Maddern dismissed speculations that Floor was incapacitated to run owing to the small team.
Instead, he acknowledged the input of the co-founder Christine Brown as the Floor’s chief operating officer. Brown brings immense experience, given her successful stint at the Robinhood investing platform. The NFT management application leverages the knowledge of Siddhartha Dabrai, known for co-founding software firm Button Inc. and steering its technology operations.
Beyond assembling an experienced team, Floor’s unique offers made it attractive to raise $8 million in mid2022. The Series A funding round attracted the participation of 6th Man Ventures under the stewardship of Mike Dudas, who co-founded the pro-crypto media platform The Block.
Maddern indicated that the WGMI.io dataset is set to reinforce Floor’s compatibility with supporting Ethereum and Polygon-minted collections. The reinforced support will enable Floor to expand to other chains.
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