Step Finance Enters NFT World by Acquiring SolanaFloor

Solana-based data platform, Step Finance, has acquired non-fungible token (NFT) data insights platform, SolanaFloor, for an undisclosed amount, according to their Twitter. 

Step is looking to expand their platform, which currently boasts over 110,00 monthly active users, to include NFTs, enlisting SolanaFloor to help them in that endeavor. 

“With Solanafloors’ expertise in the NFT world and Step’s expertise in the DeFi world, the combined analytics product will be the best of both worlds in one location,” Step’s Twitter said. 

Step, a California-based company, won a Solana Hackathon in March 2021. Step started out as a customer of SolanaFloor and now will partner with the data insights platform. 

SolanaFloor, who also won a Solana Hackathon, currently has 23,000 monthly active users, and will also benefit from the acquisition. SolanaFloor assured users on Twitter that their product will remain the number one destination for NFT data and Solana ecosystem analytics, but with added resources and expertise. 

Step Finance has been steadily building since its inception last year. Following its successful hackathon, they secured $2 million in funding from Alameda Research, a Honk-Kong-based firm owned by Sam Bankman-Fried’s FTX. 

Author: Tyler Irvin

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