The past year in NFTs has been a mix of negative headlines, declining prices, and general disillusionment by most market participants. This is our favorite type of market, as its one that allows for the quiet building of innovative products, without bull market distractions. NFT financialization presents an opportunity to redefine and rebuild the entirety of global capital markets with an eye for scalability, efficiency and transparency never before possible.

But what got us here?

Since inception in October 2021, MetaStreet Labs has raised >$24M in funding across two rounds and within 2 vehicles ($13M in equity and $11M for an on-chain lending DAO). MetaStreet Vaults (v1), the first protocol we developed, netted over $60M in total volume in just one year, during a time of tremendous market volatility among on-chain assets.

We were quite pleased with the performance of MetaStreet v1, which churned out significant volume without sustaining losses, while the broader market saw transaction volumes and prices decline precipitously. We took the findings from v1 into our development of v2, which builds on the best aspects of existing infrastructure while also presenting a solution to current market shortcomings.

Introducing MetaStreet v2 — the Automatic Tranche Maker

Launching MetaStreet ATM created the opportunity to provide an all-around improved protocol to the growing lending market, with seamless user experiences, complete long tail coverage and zero external dependencies. In the true spirit of decentralized finance, the ATM is a permissionless and open source set of smart contracts — any user can interact with the protocol at their own terms.

We’ve previously written about its features in greater detail here.

Overall, the permissionless / oracleless / capital efficient trilemma is a well known challenge within the world of NFT finance, with every existing protocol prioritizing two at the expense of the third.

We’ve spent nearly a year rethinking protocol design from the ground up in order to completely solve the NFT finance trilemma. The release of the ATM marks a new era in the world of on-chain capital markets.

Want to test the ATM out?

Visit https://www.metastreet.xyz/ to learn more and access the public beta version of MetaStreet v2.