Reservoir
The team ended its NFT business to concentrate on Relay
Back-end APIs for indexing NFTs and aggregating marketplace orders, used by wallets and marketplaces including Coinbase, MetaMask, OpenSea and Magic Eden. This record covers the NFT services, separate from Relay’s payments tools.
- Capital raised (announced)
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Series A | 2025 | ||
| Pre-seed (2021) | Unknown |
| |
| Seed (2022) | Unknown |
|
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Peter Watts | — | CEO of Relay Protocol, the name Reservoir's company now operates under | Oct 2026 | |
| Jason Maier | — | COO of Relay Protocol, the name Reservoir's company now operates under | Oct 2026 |
Timeline
2024
A cross-chain bridging and swaps service, alongside the NFT APIs.
5 February 2025
The chief executive told Fortune the company's origins were in NFTs but that it was changing course toward payments.
15 April 2025
New account creation was disabled; existing customers could keep using the service until the shutdown date.
After much consideration, we’ve decided to sunset Reservoir NFT, the API, and associated services on October 15th, 2025. Thank you to all our customers & partners for your trust and support over the years. 🧵
15 October 2025
How it ended
Pivoted away
In April 2025 the company said it would sunset Reservoir NFT, its API and associated services on 15 October 2025. It stopped new sign-ups, pointed customers to Alchemy and Sequence, published its codebase, and said the team would concentrate on Relay, its cross-chain bridging and swaps product.
Still alive
Open spot
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Sources
9 sources behind this page.
- 1Cross-chain trading infrastructure provider Reservoir has completed a $14 million Series A funding round, led by Union Square Ventures · ChainCatcher · Feb 2025
- 2Reservoir Raises $14M Series A · citybiz · Feb 2025
- 3Reservoir, infra provider for Coinbase and MetaMask, shuts down NFT services · crypto.news · Apr 2025
- 4Union Square Ventures leads $14 million round in Reservoir, an NFT company pivoting to bridge technology · Fortune · Feb 2025
- 5Union Square Ventures Leads $14M Series A for Token Trading Infrastructure Reservoir · NFTgators · Feb 2025
- 6Reservoir will stop NFT and API services on October 15th and will focus on Relay Protocol in the future · PANews · Apr 2025
- 7Relay Protocol asset profile · Preqin · user-editable
- 8Reservoir on X: sunset of Reservoir NFT, the API and associated services · Reservoir (company X account, retrieved through twitterapi.io after the shutdown date) · Apr 2025
- 9Reservoir Secures $14M Series A to Expand NFT Marketplace Infrastructure · TokenPost · Feb 2025
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.