SZNS provides a platform for creating collections of NFTs called "albums" that can be fractionalized into fungible governance tokens and managed by decentralized autonomous organizations (DAOs). The product is designed to expand functionality beyond existing fractionalization services by enabling a more fluid vault model for entry and exit based on governance decisions. Governance tokens from album vaults are intended to be listed on decentralized exchanges such as SushiSwap. The project names Sushi core contributor 0xMaki as an adviser and plans to launch in early October with preset albums focused on projects like CryptoPunks and Meebits. SZNS is also planning a native token, SZNS, and album DAOs will have the option to deposit 1% of governance tokens into an SZNS treasury for liquidity provision and dispute resolution. The platform could enable album vaults to be used as collateral within DeFi, building on precedents like PleasrDAO's NFT-backed loan.

Total raised

$4M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2021