Yida Gao and Shima Capital Celebrate Portfolio Company’s Successful NFT Sellout


The entire collection sold out in mere hours after it dropped

SAN FRANCISCO, Jan. 31, 2023 /PRNewswire/ — Today Shima Capital is proud to celebrate the successful sell-out of Spice Finance’s first NFT drop. The organization is a portfolio company at Shima Capital, the web3 venture capital fund founded by Yida Gao in 2021. The NFT collection, titled Prologue, consisted of 555 NFTs (Non-Fungible Tokens) and is the first NFT collection representing a position in a DeFi vault. These vaults exist on infrastructure developed by Spice to aggregate and simplify NFT lending.

Yida Gao believes Spice Finance is poised to become a leader in NFTFi, also known as NFT Finance, a concept born from the idea of combining DeFi and NFTs to attract new investors and increase liquidity for current participants. NFTFi platforms allow owners to earn real yield from their NFTs, instead of letting them sit idle in their crypto wallets.

Shima Capital is always on the lookout for new opportunities in the web3 space; in other words the next big, new thing. With NFTs already one of the hottest verticals around,…

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