Chainfir Capital Completes Strategic Investment in JGN
Published：Aug 19, 2021
We believe that DeFi and NFTs should be accessible and simple for all. Juggernaut wants to help everyone be part of the DeFi revolution and empower new and interesting asset classes and innovations. At Juggernaut, we are merging the possibilities of DeFi with NFTs to create something new and exciting.
— —Nacho, Co-Founder of Juggernaut (JGN)
Chainfir Capital is pleased to announce that we have made a strategic investment in Juggernaut, an NFT trading platform of Binance Smart Chain Ecosystem.
As a forerunner in the fields of NFT and DeFi, JGN has created a fully customized DeFi+NFT synthetic derivative issuance and governance ecosystem exclusively for the BSC community. To be more specific, JGN is an ecosystem that integrates NFT infrastructure, games, collectibles and BSC's exclusive NFT exchange. The platform is oriented to global users, open to use, and free flow of assets, aiming to lead the next trend in the web3.0 decentralized network era.
Ever since JGN was launched, it has developed very fast. Many world-famous investment institutions have been optimistic about JGN. In addition to Chainfir Capital, JGN has also received strategic investments from numerous institutions including Goldman Sachs, Binance "seed funds", SoftBank Group (UK), Consensus Labs, LD Capital, K24 Ventures, Chain Capital, Waterdrip Capital, etc.
● NFT+DeFi, A Perfect Match
In recent years, the NFT market has great potential for development, and it is a hot sector this year as well. DeFi, which has subverted the financial industry, has attracted much attention since it was proposed. After being aware of the great transformative power of blockchain, JGN quickly developed into a trading platform that has attracted much attention in the NFT+DeFi market by relying on the advantages of both. JGN has a faster underlying network with lower cost, which is fully compatible with EVM and supports two networks, Ethereum and Binance Smart Chain, and it can bring more possibilities to the NFT and DeFi industries. Enterprises, institutions, communities, and project parties can add customized DeFi and NFT to their components through JGN’s DeFi module, NFT trading market, and DAO to create a new decentralized business model.
● Launch of JuggerDRAW, A Popular Blind Box Game
In light of the new concept of NFT, JGN successfully launched the first unique "blind box game" named JuggerDRAW on the Binance Smart Chain. This game is eminently amusing, using a system similar to a lottery, with a high probability of winning. It is also the first unique "blind box game" on the Binance Smart Chain. Once launched, it has received high attention in the NFT market. JuggerDRAW has also successfully launched a journey of innovation in the field of NFT games.
It is worth mentioning that, the number of transactions in a single day has exceeded 10,000 right after JGN officially launched the NFT "blind box" game on December 24, 2020. The game is called the "POP MART" of the blockchain industry.
● Construction of JuggerWORLD, An Open Exchange
Binance is a leading trading platform in the cryptocurrency market, with a large user base and high-quality trading experience. Taking the JuggerDRAW game as the entry point, JGN, together with Binance, launched the NFT exchange, JuggerWORLD, dedicated to the Binance Smart Chain (BSC). New NFT exchanges need to be more innovative if they want to take a share in the NFT market. The originality of JuggerWORLD is to open up the closed loop of JGN blind box games and NFT transactions, and its interoperability will be extended to other ecosystems in the future. At present, it has jointly launched a series of NFT artworks and collection cards with many artists in the industry, providing the BSC community with an exclusive platform for buying, selling, auctioning and trading artworks, trading cards and various types of collections.