DayFi SDK Raises Funds from Polygon to Make NFTs More Affordable and Accessible
DayFi SDK (previously Deefy), a financial infrastructure SDK for dApps (Decentralized Applications) is thrilled to announce a successful fundraise from Polygon, after winning the Polygon Leap Accelerator competing with over 750 web3 projects.
They aim to close their ongoing seed round in the coming months and will be using the funds to expand their engineering team and file key IPs and patents around their infrastructure and software design innovation.
DayFi’s ultimate vision is to revolutionize the NFT ecosystem and incentivise larger NFT adoption by providing platforms the means to increase their users, boost transaction volume, and provide key analytics to upgrade their business. With Polygon’s support, DayFi will continue to innovate and push the boundaries of what is possible with NFTs, by partnering with NFT marketplaces, blockchain games, NFT ticketing platforms, token-gated community platforms, and virtually any dApp that deals with the distribution of NFTs.
With NFTs seeping into every way of life – gaming, art, music, film, community, tickets, etc – users require convenient ways to purchase these NFTs. In traditional finance, you have buy-now-pay-later, EMIs, loans, and renting mechanisms to make your purchases easily affordable. These mechanisms aren’t readily available in the web3 space. That’s where the DayFi SDK comes in.
Built on the proprietary DayFi vault, the plug-and-play DayFi SDK easily integrates into any decentralized application and instantly allows users to pay for NFTs in easy monthly installments, along with collateral-less renting options. Additionally, the DayFi Dashboard provides a holistic analytical view of their business, which can be used to improve conversion rates, transaction volume and ultimately boost revenue. And unlike other decentralized renting infrastructures like Cyan and Renft, DayFi SDK does not fractionalize, wrap or mask the NFTs.
“The Polygon fundraise got us off to a great start and proved how important our infrastructure is to the future of NFTs and digital assets. Continuing the trajectory, we’re talking to many leading VCs in the financial and web3 space, and are finalising our seed round funding in a few months. We’ll be using the funds to cement our position as pioneers in the web3 world, by filing both technological and design patents; and of course rapidly expanding our partner ecosystem.” said Amogh Tiwari, founder of DayFi SDK.
About DayFi SDK:
DayFi SDK is a financial infrastructure SDK for dApps (Decentralized Applications) that deal with NFT distribution. DayFi is aiming to make NFTs the go-to asset class for the future, by building the means to afford digital assets without breaking the bank, and also earning passive income from owning them. Their goal is to make NFTs more accessible and liquid for users, and to help unlock the true potential of these assets.
