Take fast:
- Coinbase Ventures, Defiance Capital and Season Capital participated in the seed round.
- Gomu’s two main products build on its NFT APIs, which are already widely available to developers.
- The company’s founding team has led leadership teams at Coinbase, CoinMarketCap, Chainlink, Millennium Management and Zendesk.
Gomu, an NFT infrastructure and liquidity enabler, has closed a $5M seed round with participation from Coinbase Ventures, Defiance Capital and Season Capital.
Several prominent angel investors including Carylyne Chan (former CEO at CoinMarketCap), Matthew Tan (founders of Etherscan), Bobby Ong and TM Lee (co-founders of CoinGecko), Mike Dudas (GP at 6MV) and Benedict Chan (VP Engineering at Chainlink). ) also joined the group.
The Gomu team consists of executives from leading Web3 platforms. Co-founder and CEO Spencer Yang was previously a lead product at Coinbase with a focus on derivatives, DEX and Coinbase Wallet. He also served as VP of Growth, Revenue and Operations at CoinMarketCap, where his role included driving the acquisition with Binance.
Gomu co-founder and VP of Product Jeremy Seow had led the product at Chainlink and was previously VP of Product at CoinMarketCap. Other team members were engineers and product leads at other companies such as Millennium Management, Zendesk, and CoinMarketCap.
The startup provides data, tools and products such as NFT API, NFT Hub and Collection.xyz for NFT communities, projects and developers to build and integrate native Web3 applications and experiences for their users.
NFT Hub and Collection.xyz are Gomu’s two main products built on top of Gomu’s NFT APIs. The former is a white-label community hub and marketplace, while the latter is an NFT liquidity incentive protocol using LP tokens and corresponding permissionless reward vaults.
Collection.xyz offers anyone with NFT and ETH tokens the opportunity to create a liquidity pool on NFT DEX Sudoswap and receive a tokenized representation of their ownership. NFT projects will be able to set the parameters they wish to incentivize by creating a vault that will attract NFT holders to create liquidity pools and stake their liquidity pool tokens against the vaults to earn rewards and incentives .
Capsule House, Loot, Sandbox, Otherdeed, Azuki, Memeland and Pudgy Penguins are some of the featured collections to create reward vaults to fund the first round of liquidity incentives for Collection.xyz launch.
“NFT holders and projects can easily incentivize liquidity for their favorite NFT collections, adding an essential building block in the NFTfi space,” said Spencer Yang, co-founder and CEO of Gomu. “Pools’ LP tokens can also be collateralized for other protocol interactions. Reward Vaults are just the beginning and we look forward to working with the community to build more great blocks.”
Additionally, Gomu is partnering with Mutant Cartel, an independent community of Mutant Ape Yacht Club (MAYC) NFT owners, to launch the Mutant Hideout – the first community-owned center for all MAYC owners. The stash will provide MAYC NFT owners with a place to collect and discover content, share information, and trade NFTs with each other.
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