NFTFi, which is short for NFT plus Finance, is an important development of the next phase of NFT market. NFTFi makes NFTs a more liquid asset by integrating DeFi protocols, and also opens up more possibilities for the derivative of NFTs.
Merlin Protocol implements a lease liquidity pool protocol based on Automated Market Maker, which automatically matches lease orders without middlemen, which solves the problem of insufficient capital utilization in the NFT market and the need of leverage high-quality NFTs. Furthermore, we choose BTC hash power as the first application, which is a kind of common valuable digital asset. Integrating with NFTs also meets the needs of miners, so that the hash power can be better circulated, and improve the capital utilization in the mining operation.
Lease MarketMerlin Lease Pool is an application of the decentralized Lease protocol, which provides a public rental liquidity Pool to the market. Renters and tenants interact with the pool for leasing orders. Dynamic rents are generated in real-time by calculating the supply-demand relationship in the pool, and renters share the rental income generated by the pool.
Hash NFTThe Hash NFT is the first product that combines bitcoin mining investment and NFT. The holder is able to directly participate in bitcoin mining and NFT investment in the same time and enjoy the return for both.
Mining Rewards OracleMining Rewards Oracle (MRO) uses the strategy of multi-node acquisition and distributed submission to input the data of the top 10 Mining pools in the Bitcoin network on smart contract. MRO provides interface to builders, that builders are able to design and develop computing power relative derivatives based on MRO.
Wrapped NFTWrapped NFT (WNFT) is a wrapped version of ERC-721. The holder locked the NFT in the dApp, and the dApp will issue the unique WNFT to the holder. WNFT supports the latest features of ERC-4907, WNFT holders can participate in more Defi protocol to obtain benefits. If the holder destroys the WNFT in the dApp, the original NFT will unlock and return it to the original holder.
130 PH/s available
mining capacity
Hash Power Standardization
Each NFT represents n/T hash rate over a preset expiration. Investors enjoy mining rewards generated from the designated hash power without the trouble of running a full-scale mining operation.
Binding Protocol
The Merlin Binding Protocol decentralizes cryptocurrency mining hashpower then enables it to be bound to any NFT on any project wallet. This allows for integration with other NFT projects.
Decentralized Lease Protocol
Allows for Renters NFT assets, a protocol to obtain rental income. Tenants rent NFT from the protocol to participate in DeFi staking, GameFi mining, among other ways to obtain income. The protocol takes the lease commission model to generate dynamic lease rent in real time according to supply-demand dynamics of the market, which is more liquid than the order leasing system.
Multichain Support
Merlin Protocol was designed to support multichain. The DApp applications will first be deployed on the Ethereum Network with additional support for BSC, Avalanche, Solana and Matic. Multichain support improves the liquidity of the hashpower NFTs.
Seed-round raised
Compliance framework of Bitcoin mining income custody
Product features completed
The Bitcoin Rewards Oracle
The Hash Power Standardization Protocol
The Decentralized commission mechanism
NFT-721 and NFT-4907 integration service
Launching Merlin Protocol Lease Pool
Smart contract mechanism based leasing service
Lease liquidity mining commencing
Managed the issuance, settlement and risk control of Hash NFT through DAO
Eason is an early participant and contributor to the Bitcoin community. He is a technical expert and a blockchain developer. Eason is a contributor to the open source project LibBitcoin. Though his past experience must remain confidential, it is extensive and includes being: a core developer of a pioneering public blockchain project in 2016; P2P network architect and lead developer of a top video streaming provider; the founder and key developerof a distributed computing and storage service; and a contributor of a series of opensource projects on Github.
Jack has more than 5-years of blockchain development experience and has contributed to several open-source projects as an independent developer. Jack has diversified research experience in NLP Algorithms, Deep Learning, Simulations, Distributed System and Data Science. Jack graduated from Academy of Space Technology, Tsinghua University.
Alex is a former investment banker and passionate blockchain investor with more than 8-years of financial services experience. He specialized in industrial and financial technology coverage at a top-tier investment bank and was previously in equity portfolio management at an asset manager. Alex has an MBA from the Wharton School of the University of Pennsylvania and a BS in Finance from the University at Buffalo (SUNY).
Hannah entered the blockchain industry in 2017 and has extensive experience consulting on fintech, public blockchain, Dapp, DeFi and NFT projects. Prior to her blockchain experience, she worked in equity research and quantitative strategy at a top 10 global hedge fund. Prior to that, she was a vice president at a top-tier investment bank in the United States. Hannah graduated from Northeastern University, majoring in finance and Infoamation System Management.
Rilke has worked at China’s top securities firms such as CICC and HTSC, with a focus on product structuring. He has been an early investor in numerous star blockchain projects. Rilke possesses a BS in physics at PKU and is currently a Masters of Finance candidate at SJTU. Rilke is also a CFA Charterholder.