Cosmos Hub Grant deployed by Atom Accelerator DAO (AADAO) to Superbolt for Superbolt: Bringing Advanced NFTfi to the AEZ
Team: Superbolt
Amount Approved: $125,000
Status: In Progress

Superbolt: Bringing Advanced NFTfi to the AEZ

To further enhance the Cosmos Hub’s Atom Economic Zone (AEZ) through advanced NFT finance approach, AADAO has awarded a $125,000 grant to Superbolt. This initiative focuses on developing an advanced NFTfi protocol on Neutron, featuring a cutting-edge NFT marketplace and a no-code launchpad. The goal is to revolutionize NFT liquidity and utility within the AEZ.

Superbolt aims to transform NFTs into financial assets, enhancing their utility and liquidity. The protocol will introduce fractionalization, breaking down NFTs into smaller, fungible tokens, making them more accessible and tradable. Additionally, Superbolt’s NFTfi Layer will leverage Astroport PCL for efficient trading and enable borrowing and lending with NFTs as collateral.

The NFT Marketplace on Neutron will serve as a customizable trading hub, featuring advanced analytics, various user modes (including Degen mode), and a sleek UI/UX design. Plans to incorporate messaging features will further enhance user interaction.

Superbolt’s NFT Foundry, a no-code launchpad, aims to simplify NFT creation, encouraging creativity and community growth by removing technical barriers. Superbolt aspires to position Neutron as the premier platform for NFT launches, with future integrations to facilitate seamless NFTfi onboarding.

AADAO’s grant to support Superbolt is intended to bring these innovative use cases to the AEZ, boosting utility and on-chain activities. To unlock the full grant amount, Superbolt will need to achieve specific Total Value Locked (TVL) targets.

About Superbolt
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Superbolt aims to be the primary destination for NFTs on Neutron and a key onboarding gateway into Cosmos in general. Its three pillars are Marketplace, Foundry (Issuance Platform), and NFTFi products, which aim to elevate the Cosmos NFT experience and drive adoption into Neutron's larger DeFi ecosystem. 

Team: Superbolt
Current Status: In Progress
Funding Program: Regular Grants
Funding Category: ATOM Zone build-out

Amount Requested: Amount in their initial application, or for RFPs, their first quote or that of the nearest competitor $125,000
Amount Approved: $125,000 (100%)
Amount Paid: $0 (0%)

Date Applied: Jun 04, 2024
Date Approved: Generally includes time spent doing interviews, rescoping or amending the application, and due diligence Jul 03, 2024 (4 weeks)

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