Jupiter Completes Acquisition of NFT Collectibles Platform DRiP Haus
Leading DEX platform acquires DRip Labs for an undisclosed fee, with the platform seeking to expand its service into the NFT industry
Jupiter, a leading decentralized exchange (DEX) on the Solana blockchain, has announced its acquisition of DRiP Haus. DRiP Labs is a platform specializing in the development of NFTs and digital collectibles.
The deal, announced on April 3, 2025, was reportedly an all-cash transaction, with Jupiter and DRiP refusing to divulge the actual figure of the acquisition. The deal is a strategic move by Jupiter, with the platform seeking to expand beyond offering just its financial trading services and establish itself as a multifaceted Solana-based “Super App.”
Jupiter and DRiP’s Integration Plans
DRiP Haus operates differently from other popular NFT marketplaces. Rather than focusing on NFT trading, it operates rather as a distribution platform enabling startups to launch and share their visual campaigns within the Solana ecosystem – similar to Solana memecoin platform Pump.Fun.
The details of the deal reveal that the core of DRiP Haus will still remain distinct. Notably, half of the team will work on integrating NFT tools into the Jupiter platform, while the other half will continue to work independently. DRiP Labs founder Vibhu Norby will continue managing DRiP within Jupiter, albeit focusing on executive and strategic oversight.
There are concerns about the long-term viability of NFTs, with popular NFT platform X2Y2 announcing the shut down of its NFT marketplace just recently. Despite this, Jupiter remains confident in the acquisition. “We think NFTs are here for the long term.” Kash Dhanda stated.
Market Reaction to the DRiP Acquisition
The announcement of the acquisition however did very little to change the fortunes of Jupiter’s native token, JUP and help it recover from its recent downturns. The token is down by 7.5% in 24hrs and has seen a 32% reduction in 7 days according to data from CoinGecko.
Despite this acquisition has been lauded as positive news for the DeFi and NFT community.
“We’re excited about all the ways that both Jupiter and our ecosystem of projects will be able to leverage DRiP for GTM going forward.” Jupiter said on its X platform.
As Jupiter strengthens its presence in the NFTs space, investors will be closely watching the platform’s next moves. The deal could evolve to have a broader impact on the Solana ecosystem in the future.
