Pandora Finance
Pandora: Bringing liquidity in the NFT ecosystem.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor | €0.0 | round |
* | $2.4m | Seed | |
| Total Funding | 000k | ||
Pandora Finance, initially known as Pandora Protocol, was founded by Pushkar Vohra in January 2021. Vohra, who also co-founded Blockslab, established the company to bridge the gap between illiquid real-world assets and the on-chain Web3 ecosystem. The firm operates in the decentralized finance (DeFi) and non-fungible token (NFT) sectors, targeting the challenge of tokenizing and trading tangible and intangible assets on the blockchain.
The company's business model centers on creating a trustless, peer-to-peer system for representing real-world assets as NFTs, thereby making them accessible for global exchange. By tokenizing these assets, Pandora Finance aims to inject liquidity into markets that traditionally lack it, such as real-world corporate assets, invoices, and even luxury goods like watches and jewelry. The platform's revenue is generated through its suite of products designed to facilitate this process. In May 2021, the company secured $2.4 million in a seed funding round with participation from firms like Genesis Block, AU21 Capital, and Spark Digital.
Pandora Finance offers several core products. The Express Protocol is a solution that allows users to create customized NFT marketplaces and dApps quickly, featuring cross-marketplace liquidity. Another key product is Aconomy, a peer-to-peer decentralized marketplace for tokenizing and trading real-world assets (RWAs). More recently, the company has focused on the ERC404 standard, an experimental token design that merges the functionalities of ERC20 (fungible) and ERC721 (non-fungible) tokens. This has led to the development of a custom-built ERC404 marketplace and an integrated decentralized exchange (DEX) to enhance liquidity and trading opportunities within the NFT space. The native governance token, PNDR, is central to the ecosystem, allowing holders to participate in decision-making.
Keywords: Pandora Finance, Pandora Protocol, Pushkar Vohra, decentralized finance, DeFi, NFT, real-world assets, RWA, tokenization, blockchain, asset-backed NFTs, Express Protocol, Aconomy, ERC404, PNDR token, crypto, Web3, NFT marketplace, liquidity protocol, digital assets, peer-to-peer exchange