UGS Labs Acquired by Sharky, Paving the Way for Exciting Developments in Solana NFTs
In the latest news from the world of blockchain and NFTs, Sharky has acquired UGS Labs. The news has been received with enthusiasm by the NFT community, as both Sharky and UGS Labs are known for their innovative products and services.
Sharky is a platform that provides liquidity for collections on an orderbook. The platform allows hodlers of NFTs to take out instant loans by putting up the NFT as collateral. On the other hand, UGS Labs is a team that is focused on building products and services that solve major issues restraining the potential of Solana NFTs and the broader ecosystem.
We are proud to officially announce that UGS has been acquired by @SharkyFi!
Sharky is the market leader among NFT lending protocols and we are excited to become apart of their team.
Our journey to the future continues with the power of the sharx…
🐇 x 🦈 pic.twitter.com/horyECzd9T
— Underground Society 🐇 (@UGS_Labs) April 16, 2023
The acquisition is expected to bring together the strengths of both companies and create a seamless user experience. The merger of products is expected to take place in the near future, while the collections and communities will remain separate for the time being.
UGS Labs has a strong community and branding, and has proven their ability to develop and ship amazing products. The team at Underground Society and Sharx have big plans in store, and the acquisition is expected to pave the way for exciting new developments in the NFT space.
According to the UGS Labs team, they are building a bridge between Brand and Utility, DeFi and NFT, as well as Solana and other blockchains. The ecosystem of Underground Society is known for its deep lore, sense of community, and the desire to bring value to its members.
The details of the acquisition are expected to be shared on Monday. The NFT community is eagerly waiting for more information on what this partnership will bring, and how it will impact the future of NFTs and blockchain technology.
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