Rumpel Labs plans to launch airdrop points tokenization platform in September

Rumpel Labs announced that it will launch a new DeFi protocol in September that will allow users to tokenize and trade airdropped points. Rumpel, which is backed by venture capital firms such as Dragonfly and Variant, is said to "aim to improve liquidity and price discovery of off-chain loyalty points, creating new opportunities for points holders, traders, airdrop hunters, and points issuers." Rumpel attempts to address the limitations of airdrops through a dedicated wallet that "allows users to encapsulate each earned point into a Rumpel points token." Rumpel said this allows "points farmers to sell points, points investors to buy points, points issuers to continue to issue points, and increase transparency of their tangible value." (Cointelegraph)