insrt finance
The business, the turning points, and the decisions behind them.
Some sections are still being researched2 / 4
Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
insrt finance was a US-based decentralized finance (DeFi) protocol for NFT finance, built on the Binance Smart Chain. It acted as a decentralized financial intermediary for non-fungible digital assets, combining fractionalization, lending primitives and risk management to give ordinary users access to NFT returns without buying whole high-value NFTs. Its first product, ShardVaults, let users fund a vault to acquire an NFT on the secondary market, collateralize it and earn yield; tokenized NFT positions could be traded on secondary markets. The project raised $2.2 million in a pre-seed round in March 2023, co-led by Hashkey Capital and Infinite Capital, and reported over $500,000 in total value locked across four vaults within two months of launch.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Pre-seed raise
Insrt Labs raises $2.2 million in a pre-seed round via SAFT, co-led by Hashkey Capital and Infinite Capital, with participation from Sky9 Capital and Polygon's head of DeFi Hamzah Khan.
- ShardVaults launch
The project launches its ShardVaults MVP for tokenized NFT yield farming, reaching over $500,000 in total value locked across four vaults within two months.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.