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LiquidFactory.io to launch privacy network auction-style NFT marketplace LiquidFactory.io to launch privacy network auction-style NFT marketplace Josh O'Sullivan · 2 years ago · 1 min read
News ▸ NFTs

LiquidFactory.io to launch privacy network auction-style NFT marketplace

LiquidFactory.io's first product, BIDSHOP.io, is an NFT auction-style marketplace that introduces game theory elements into the traditional NFT auction process.

Josh O'Sullivan
Dec. 7, 2022 at 1:30 pm UTC
1 min read
Updated: Dec. 7, 2022 at 1:30 pm UTC
LiquidFactory.io to launch privacy network auction-style NFT marketplace

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

KuCoin Labs, the investment and incubation arm of the KuCoin ecosystem, has announced its co-lead investment in LiquidFactory.io, a startup that is building a privacy network with native encrypted cross-chain communication.

The $1.25 million fund raise also attracted backing from VC firms including IDG capital, CDH VGC, Lapin.Digital, Ascensive Assets, and Acheron Trading.

Aviv Farhi, COO of LiquidFactory.io said:

“LiquidFactory.io will be using this investment to launch its first product BIDSHOP.io,”

LiquidFactory.io’s first product, BIDSHOP.io, is an NFT auction-style marketplace that introduces game theory elements into the traditional NFT auction process.

Bidders on the platform will be able to hide their bids from others in a decentralized and trustless manner using the platform’s encryption layer — allowing for additional liquidity streams for NFTs. Bidders will also be able to acquire rare NFTs at a discount from their listing price.

The BIDSHOP testnet platform is scheduled to launch on Dec. 7 and will include giveaways and prizes to attract users and testers. KuCoin Labs will be advising LiquidFactory.io on various aspects such as business strategy, fundraising, marketing, and go-to-market strategies.

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Posted In: Investments, NFTs, Privacy, Trading
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Josh O'Sullivan

Editor/Reporter at CryptoSlate

Josh has been writing for a decade and is passionate about mainstream crypto adoption, bringing positive financial change to the masses through crypto and decentralized finance as a whole.

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