At 1PM UTC on April 05, 2021, VBC hosted the AMA show with Genesis Shards project, whose representative for this AMA is Mr. Nilotpal Mukherjee – Co-Founder of the project.
Brief introduction of the guest and Genesis Shards
Nilotpal Mukherjee:
…Hello ! I work on partnerships and content at GenShards.
I have 3+ years of experience in crypto, prior to which I worked as an investment banker
Genesis Shards is a 12 member strong mission driven global team that has built and scaled products at Harmony, Marlin, EOS, Accenture, Deloitte, and Wharton.
It was co-founded by Nilotpal Mukherjee and Garlam Won in 2020, both having a combined 12+ years of crypto experience.
Nilotpal started his career as an investment banker with Deutsche working on deal structuring, valuation and IPO processes, and later was a strategic consultant at Accenture before taking the first step in Crypto back in 2015. Later in 2018 he joined and headed the Business at Marlin (a 1.7Bn$ project atm), and was instrumental in early growth of the company laying a strong foundation for the brand.
Garlam Won has also been in the ecosystem since 2015, and previously headed Marketing at Harmony before starting his venture – Momentum 6. He has been behind the marketing of some of the top DeFi & NFT projects in the space including the likes of Band, Kava, Mantradao, and 25+ others . He further exerts influence in various parts of the Blockchain Ecosystem through his in-depth connections in Korea, China, Canada and US.
As part of the Core team, we have Jae Chung, who is our superstar blockchain engineer and is heading the development team at Genesis. He became known in the space through the EOS.IO mainnet launch as a gifted developer, with his abilities eclipsing those of his experienced peers. Jae is often invited to speak at prominent conferences and can be found discussing the benefits/pitfalls of blockchain technology during interviews.
Question:
I’ve read that your vision is to transform NFTs into a liquidity vehicle for pre-IDO tokens. Can you elaborate the differences between a pre-IDO tokens & a post-IDO tokens? Also how will your NFTs help your vision to a whole new suite of DeFi products across multiple blockchains?
Nilotpal Mukherjee:
That’s a very good question – let me answer each part one by one
How NFTs help in constructing DeFi option products ? ?️ ?
As the first use case of Genesis ecosytem, by wrapping time-locked fungible tokens (in this case PreIDO tokens) into NFTs (in this case the GenTickets), the NFTs start behaving like a DeFi option. Just like regular options, these Gen Tickets will have some value derived from the underlying assets (pre-IDO tokens), and some value derived from time sensitivity (token unlock points). When the last post-IDO token tranche is unlocked by the project, that is when the time value would collapse to zero – and only the underlying asset value would remain.
