2025-04-03
Jupiter, Solana’s largest decentralized
exchange (DEX), has acquired NFT distribution platform DRiP Haus in an all-cash
deal. The move marks Jupiter’s first major step into NFTs as it works to build
a broader “Solana super app” that merges DeFi tools with digital culture.
DRiP Haus, known for distributing
rather than trading NFTs, will keep its brand and continue to operate
independently. Half of its eight-person team will stay focused on DRiP, while
the other half integrates NFT capabilities into Jupiter—starting with a swaps
router on the DEX’s homepage.
Though financial terms weren’t
disclosed, a source familiar with the deal pegged it at around twice DRiP’s
previous $11.5M funding. DRiP founder Vibhu Norby will remain involved in a
strategic role under the Jupiter umbrella, working on an upgraded NFT experience
for Jupiter’s mobile app.
The acquisition signals Jupiter’s
confidence in NFTs, even as others like X2Y2 exit the space. “We think NFTs are
here for the long term,” said Jupiter’s Kash Dhanda.
Drip Haus is an NFT platform built on
the Solana blockchain that enables creators to distribute digital collectibles,
such as art and music, to their followers for free.
By leveraging Solana's compressed NFT
technology, Drip Haus allows for large-scale and cost-effective distribution of
NFTs. Collectors can subscribe to their favorite creators and receive regular
digital collectibles at no cost, while also having the option to support
artists through a system called "Droplets," which are tokens that can
be donated to creators.
