Solana’s Jupiter Acquires DRiP Haus to Expand NFT Offerings
Jupiter, Solana's leading DeFi exchange, has acquired the digital collectibles platform DRiP Haus to enhance its offerings. This move aims to establish Jupiter as a "Solana super app" that caters to both financial traders and digital culture enthusiasts.
- DRiP Haus is recognized for surviving the NFT market downturn and focuses on distributing visual campaigns for startups on Solana.
- The acquisition cost is estimated at twice the $11.5 million previously raised by DRiP from venture investors.
- Half of DRiP's team will focus on distribution, while the other half will enhance Jupiter's NFT capabilities, including adding a swaps router.
- DRiP's founder, Vibhu Norby, will manage the platform strategically within Jupiter, with plans to align its branding more closely with Jupiter.
- An improved NFT experience is planned for Jupiter's mobile app.