Jupiter, a decentralized exchange (DEX) aggregator and perpetual exchange on the Solana blockchain, has acquired Drip Labs, a Solana-based platform known for developing digital collectibles. This move is part of Jupiter's strategy to expand its offerings and build what it describes as a 'crypto superapp.'
Drip Labs, which has grown to serve millions of collectors and thousands of creators, making it one of the most trafficked decentralized applications (dApps) on Solana, will continue its mission of enhancing digital ownership and crypto payments for creators under Jupiter's umbrella. The acquisition is seen as Jupiter's first foray into the non-fungible token (NFT) space, indicating its belief in the long-term viability of NFTs.
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