The NFT market went through an astonishing boom in 2021, but the market infrastructure was still in its infancy. NFTs could be minted and sold easily but low-cost, off-chain order books made secondary trades slow and difficult. Reservoir was founded to change this, providing an open order book infrastructure that doesn't introduce significant operating costs for market participants.
NFT trading has been buffeted by significant headwinds since the 2021 boom, yet are still a disruptive force with significant applications in business, gaming and the creative arts. All of these sectors benefit from improved market infrastructure. Reservoir's API has accordingly seen use in a large number of new market applications, most notably powering MetaStreet's NFT trading platform.
Reservoir recently raised pre-seed funding from Upside. It is continuing to improve its product and support in its implementation in NFT marketplaces. They are also investing heavily in talent, particularly in software engineering and research.
Steph
Company Specialist at Welcome to the Jungle