Our portfolio dashboard is a curated, institutional hub for organisations to access, monitor, manage, report and control their web3 assets. Within the last 90 days, we built DeFi adapters and a transaction simulator. In addition, we launched token and DeFi attribution across our user’s most used DeFi protocols, providing a breakdown of claimed and unclaimed rewards, inflows and outflows, and using time-weighted calculations to calculate profit & loss and performance. Our transaction simulator today provides DeFi valuations, but we have plans to serve our users with better security over the next six months.
We also launched account bundling (for organisations to manage their accounts), improved reporting and more comprehensive EVM coverage with our NFT views. Lastly, we implemented authentication and login, allowing our users to set different members and roles for their organisation and automating their onboarding and billing. An in-depth overview can be found here.
Lastly, within our web3 primitive team, we built and launched an Institutional Staking marketplace. We built the marketplace as we believe and foresee large-scale currents coupled with immediate rising waves and tides. Allow me to elaborate on this. Over the long term (currents), we believe web3 creates a new and fairer internet that empowers individuals and organisations with digital authority. Over the last two years (tides), we have seen an explosion of organisations accessing web3 to participate in everything from NFTs to Gaming and DeFi. Underlying these applications is the decentralised network itself. Since the Merge last year, and with the announcement of the Shanghai/Capella upgrade (waves), we have seen similar demand from organisations to validate the Ethereum network. Accordingly, our staking marketplace provides access to best-in-breed staking providers. It offers a seamless staking experience, provides standardised terms and conditions to simplify the user selection process, and offers institutional-grade reporting. This is MMI’s first native web3 primitive, however, over the next six months, we will launch a series of additional primitives focused on providing unrivalled, seamless and secure access to web3 assets.
In terms of growth, and despite the impacts within the institutional crypto world, we continued to onboard new organisations across crypto funds, VCs and others. Our assets under deployment (AUD), a measure of assets deployed on-chain using MMI, increased by 89.17%. At the same time, our projected annual revenue went up by +25.87%. The team attended ETHDenver and Paris Blockchain Week Summit, where we connected in person with our users at two private events.
As we look ahead to the next quarter, we will continue to iterate and improve every aspect of MMI. The MMI team continues to push as hard and fast as possible to be of service and greater value to our users. Accordingly, we have big announcements planned for Q2. Watch this space and follow us on Twitter and LinkedIn for more insights.