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Angel Investor (Individual)

Investments

1

About Sumit Ghosh

Sumit Ghosh is Founder of Chingari.

Headquarters Location

India

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Latest Sumit Ghosh News

NFTFN Joins Pivot’s Flagship Web3 Acceleration Program

Feb 2, 2024

TechBullion NFTFN, a decentralised perpetual exchange backed by industry leaders such as Sandeep Nailwal, Anshul Dhir, Ajeet Khurana, Sumit Ghosh, and others, has achieved the distinction of becoming the first company to join the flagship acceleration program of Pivot, a global Web 3.0 startup venture accelerator firm. This recognition highlights NFTFN’s innovation in the DeFi space, particularly in the decentralised perpetual DEX domain, making it a pioneer in the Bitcoin NFTs perpetual markets with the launch of perps for Ordinals and Stamps. Currently active on the Polygon Testnet, NFTFN features its groundbreaking and proprietary NFT-index, ‘SuperNova (SNV).’ SuperNova is designed to be the preferred choice for traders seeking exposure to the most liquid NFTs with up to 10X leverage. Pivot and NFTFN Join Forces for Innovation In the dynamic Web3 landscape, Pivot stands as a beacon for entrepreneurs and businesses, fostering the next generation of innovators including NFTFN. Unlike conventional accelerators, Pivot’s unique approach centres around one-on-one support, ensuring that businesses progress at their own pace while achieving crucial milestones. Remarkably, the collaboration between NFTFN and Pivot goes beyond conventional acceleration or mentorship. NFTFN’s selection into this pivotal program marks the beginning of a strategic alliance, where it will leverage the vast experience and network of Pivot to scale new heights. Pivot’s acceleration program will focus on critical milestones in NFTFN’s journey aimed at enhancing its capabilities in product development, compliance, tokenomics, team building, go-to-market (GTM), funding, and other key aspects. This focus aims to establish the company as a leader in the NFT perpetual segment within the DeFi space. “NFTFN’s selection for Pivot accelerator marks a monumental milestone in our journey. As pioneers in the NFT finance space, this recognition is not just an honour, but a testament to our groundbreaking approach. With Pivot’s backing, we are set to revolutionise the Bitcoin Ordinals Perp and NFT perpetual markets, embodying our dedication to innovation and excellence, and heralding a new era in NFT perpetual trading,” said Vikas Singh, Co-Founder of NFTFN. Adding to this, Anshul Dhir, Founder of Pivot, expressed: “We are absolutely thrilled to welcome Team NFTFN as the first project into the Pivot family! The team at NFTFN is a dynamic, all-star force and we are excited to embark on this exciting journey with them. We look forward to achieving greater heights together in the Web 3.0 landscape and making NFTFN a name to reckon with in the NFT perp business.” Exploring Possibilities in Bitcoin-powered DeFi The burgeoning interest in Bitcoin and related sectors, fueled by recent ETF launches, is drawing attention to innovations in Bitcoin technology. The convergence of Bitcoin and non-fungible tokens (NFTs) is opening up new avenues for creative expression and digital ownership. According to reports, the market for Bitcoin NFTs is expected to reach approximately $5 billion, reflecting significant growth in this emerging sector. NFTFN’s perp DEX aims to liberate Ordinals from Bitcoin’s constraints by offering exotic perpetuals within the DeFi and NFT ecosystem, especially the BRC20 ecosystem and Bitcoin blockchain . About Pivot Pivot is a global Web3 venture accelerator that supports companies in navigating the complex Web 3.0 landscape. Founded by Anshul Dhir, a seasoned entrepreneur with 18+ years of experience, Pivot focuses on early-stage startups ready to execute their validated web 3.0 ideas. Rejecting cohort-based programs, Pivot’s acceleration methodology centres on achieving business milestones. Anshul’s rich experiences as a founder in Qadcore, Koinfox, and EasyFi Network, coupled with roles as an investor, advisor, and mentor in over 50 Web3 startups, drive Pivot’s global vision to transform founders into successful businessmen.

Sumit Ghosh Investments

1 Investments

Sumit Ghosh has made 1 investments. Their latest investment was in NFTFN as part of their Seed - II on May 04, 2022.

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