How Did It Start?

As an active developer, Gorden observed a rise in many DeFi projects that provided passive income opportunities in the form of staking pools and yield opportunities during the middle of 2020.

Sometime back in November 2020, Gorden had a casual conversation with his friend about why people were buying NFTs and his friend said it was because of the artwork. NFT holders during that time can only hold their NFTs in their wallets with no further utility.

Gorden asked himself if there is a potential to do much more than NFTs and how he can turn an NFT into a financial asset to earn passive income. The solution he came up with was NFT Staking Pools and Vaults.

Thus, Pi Protocol was born.

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