We're thrilled to announce that PWN, as a pioneering DeFi mortgage protocol, has successfully secured over $2 million in support from key industry leaders. These funds will drive our mission to decentralize mortgage financing for digital assets and launch the community-driven PWN DAO. Our ultimate goal, to create an open and transparent financial system accessible to everyone, is again one step closer.
PWN has come a long way since its inception during a hackathon in 2020. In just two years, founders Josef Je and Steve Fau have transformed the initial concept into a growing platform that has just left the beta version. Bridging the gap in long-term loans for digital assets, democratizing mortgage financing and enabling individuals to have a stable and compounded income are the daily bread and motivation of a determined and expanding team of 20 people.
Our team couldn't be more grateful that many renowned industry leaders have enthusiastically embraced PWN's groundbreaking approach to lending and borrowing using digital assets as collateral. This affirmation highlights the potential of PWN's vision to push the boundaries of what's possible in the crossover between digital assets and DeFi.
"PWN's approach to lending and borrowing using digital assets as collateral is a game-changer. Unlocking lending and derivatives on NFTs helps push forward the narrative that these are legitimate capital assets which will help the entire space. I'm excited to see PWN pushing the boundaries of what's possible in the crossover between NFTs and DeFi." Ryan Zurrer, the founder of Dialectic."
To further our mission, we'll be introducing the PWN DAO, a community-driven initiative overseeing the operation of the PWN protocol and associated tools developed by the team such as PWN Safe or Token bundler. Empowering the community is the way to ensure decentralized decision-making and create an accessible DeFi mortgage infrastructure to which PWN gravitates.
PWN has received support from notable ecosystem players like Starkware, Nethermind, or Safe Ecosystem Foundation. In addition, crypto-focused venture funds and renowned companies including Digital Finance Group or Jsquare have joined an impressive list of more than 100 respected individuals, investors and angels.
You can find a more extensive list in the press release, but to give you an idea, let's mention Patricio Worthalter (POAP), Christoph Jentzsch (founder of Slock.it), Danny Ryan, Tim Beiko (Ethereum Foundation), Alex Van de Sande (ENS delegate) or Lefteris Karapetsas (founder of Rotki).
The ability to lend and borrow using any digital asset permissionless opens up a new realm of possibilities for individuals and also DAOs in the space, making them more competitive with legacy structures.
PWN DAO is committed to improving the accessibility of the mortgage protocol. That means developing additional features, extending deployment to other EVMs, improving the assessment of collateral value and allowing more customizable loan flow.
In addition, the goal remains to continue supporting community events and hackathons to foster innovation, lower barriers for newcomers to DeFi and enable everyone dedicated to fully leveraging its benefits.
So join the ride and shape the future of DeFi lending with us.
That's all folks, for today.
PWN is a hub for peer-to-peer lending backed by digital assets. Use your NFTs or any token as collateral and invest in fixed-interest loans and generate attractive returns. PWN makes this possible with no liquidation risks. Check out the PWN platform today.