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DayFi SDK Raises Funds from Polygon, To Make NFTs Affordable

DayFi SDK will be using the funds to expand its engineering team and file key intellectual property (IPs) and patents around its infrastructure and software design innovation

DayFi SDK Raises Funds from Polygon, To Make NFTs Affordable
Amogh Tiwari, Founder of DayFi
POSTED ON January 30, 2023 3:21 PM

DayFi SDK (previously Deefy), a financial infrastructure SDK for dApps (Decentralized Applications) announced that it has closed fundraising from Polygon. It has won the Polygon Leap Accelerator after competing with over 750 web3 projects. 

DayFi SDK aims to close its ongoing seed round in the coming months and will be using the funds to expand its engineering team and file key intellectual property (IPs) and patents around its infrastructure and software design innovation. 

DayFi’s aims to revolutionise the non fungible tokens (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 innovate 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 (BNPL), equated monthly installments (EMIs), loans, and renting mechanisms to make your purchases easily affordable. However, these mechanisms aren’t readily available in the web3 space and that’s where the DayFi SDK comes in, said the company.

Built on the proprietary DayFi vault, the plug-and-play DayFi SDK integrates into any decentralised application and allows users to pay for NFTs in monthly installments, along with collateral-less renting options. Additionally, the DayFi Dashboard provides an analytical view of their business, which can possibly be used to improve conversion rates, transaction volume and boost revenue.

“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. 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.

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 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.

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