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Envelop

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Category: NftFi
TVL: $349

Envelop


Envelop is a cross-chain protocol that enables the creation of programmable NFTs, referred to as NFT 2.0, operating on 16 different blockchains including Ethereum, Polygon, and BNB Smart Chain. It allows users to wrap digital assets like tokens or other NFTs inside a primary NFT, creating a collateralized 'smart' NFT with features such as time-locks and royalties. The protocol's ecosystem includes an Oracle for valuing NFTs and monitoring transactions, and an Index for tracking real-time market activity. Envelop supports a wide array of use cases, from financial derivatives and tokenized vested allocations (SAFT wNFT) to liquid farming, NFT-based subscriptions, and dynamic on-chain reputation systems with upgradable Soulbound Tokens (SBTs). It aims to serve a broad range of Web3 clients, including game developers, DeFi projects, and DAOs, by providing tools to enhance token utility and user engagement.

Funding Rounds

Funding Round: Unknown
Funding Date: 1 Jul, 2021
Raised Amount: $1M

Investors