Pantera Capital Funds NFT Startup Rarify With $10 Million Backing
The rate of adoption we see in NFTs is monumental. Anything that has to do with Non-Fungible Tokens seems to be making waves. Many startups have recently emerged to provide solutions that boost NFT transactions. One such firm is Rarify, aiming to offer scalable NFT APIs to facilitate commercial transactions. Given that many of these […]
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Rarify’s valuation has shot up to $100 million following the latest funding round, as the firm works to provide scalable NFT APIs for the commercial sector. NFT infrastructure startup Rarify has raised $10 million in Series A funding from Pantera Capital at a valuation of $100 million. The backing from Pantera Capital appears significant as the company is one of the top venture capital firms in crypto. One of Rarify’s primary offerings is an NFT-commerce-focused application programming interface (APIs) that enables firms to launch and integrate user-friendly marketplaces in their....
Rarify, a startup that helps third parties include NFT elements in their tech platforms, has raised $10 million in its Series A funding round. The round was led by Pantera Capital, a leading cryptocurrency-based venture capital firm. The company has now reached a reported valuation of $100 billion amidst the rise in popularity NFTs are experiencing in different fields including gaming and metaverse applications.
Rarify Raises $10 Million, Plans Expansion
Rarify, a company that deals with producing infrastructure for third parties to integrate NFT services, has raised $10 million....
The blockchain-based collectible and vintage sneaker company Chronicled has just announced it has raised $3.4 million USD in a seed funding round. The startup, founded in 2014, has created a team of engineers in Silicon Valley to build a system that tracks the authenticity and movement of this footwear. The investments injected into the business came from the venture capital firms Mandra Capital, Colbeck, and Pantera Capital. Dan Morehead, Partner at Pantera Capital, said of the announcement:
Investments in decentralized finance (DeFi) drove returns exceeding 100% this year to Pantera Capital’s bitcoin index and altcoin hedge funds.
Pantera Capital’s new $25 million USD fund will invest in Brave Browser and Abra, two innovative Bitcoin-based apps. Pantera Capital’s New $25 Fund. Dan Morehead, founder and CEO of Pantera Capital, recently revealed details regarding their new investment fund in an interview with TechCrunch. While Bitcoin was the main focus of the interview, Morehead disclosed information regarding two of the companies that will receive new funding from Pantera Capital. Following the closure of the first fund, which amassed over $100 million USD in capital and invested in Bitcoin-based startups Xapo and....