How NFTs are Revolutionizing DAO Finance with Kevin Seagraves

NFTs are not just JPEGs – they are a new financial primitive that will transform how DAOs (and crypto projects in general) fundraise, operate, and get acquired. Through recent developments, DAOs can now wrap their native tokens into NFTs and borrow against them, unlocking a new form of financing previously closed off to them – private debt. Why does this matter? Because private debt enables direct lending at the DAO level, so DAOs don’t have to rely on venture capital or selling more tokens anymore. Private debt is non-dilutive, is the third largest private market behind VC and PE (valued at $1.2 trillion), and will usher in a new class of investors that grows the crypto ecosystem as a whole. @captnseagraves Kevin Seagraves CEO NiftyApes Kevin Seagraves is the CEO and co-founder of NiftyApes, an NFT-backed lending protocol. Before starting NiftyApes, Kevin was the lead engineer and architect of Gitcoin Grants, co-founded ETH Security Group, and led blockchain engineering projects for the Boston Consulting Group