Genesis Shards (GS) is a decentralized ecosystem based on Polkadot that reimagines non-fungible tokens (NFTs) as a decentralized finance (DeFi) option, creating a seamless cross-chain liquidity environment for pre-initial dex offering (IDO) tokens.

Genesis Shards recognizes existing problems in the pre-IDO space, including the low liquidity of tokens due to the lack of a tradable market and inconsistent OTC trading practices, resulting in a high risk of defaults.

Genesis Shards aims to enable network members to access and trade pre-IDO tokens in an efficient and secure manner. Projects can leverage token liquidity early in the lifecycle with community support. This is due to the availability of NFTs in the OTC market and the transformation of NFTs into a liquidity facility for pre-IDO tokens.

Genesis Shards was created in 2020 and raised $2.7 million in March 2021 to launch a new pre-IDO market. The list of investors includes 3Commas, Axia8, OKEx Block Dream Fund, LD Capital, Spark Digital Capital, Momentum 6 and others.