Rarify Receives $10 Million From Pantera Capital in Funding Round
- Rarify, a NFT infrastructure startup, has raised $10 million in Series A funding from Pantera Capital.
- The funds will be used to bring in more employees as well as fund product launches with enterprise partners.
- The company’s co-founder stated in an interview that Rarify aims to simplify the buying and selling process of NFTs in the market.
Non-fungible token infrastructure startup Rarify has raised $10 million in Series A funding from Pantera Capital at a valuation of $100 million.
According to a recent press release, the cash injection from Pantera Capital will mainly be used to fund Rarify’s hiring efforts as well as be used for product launches with enterprise partners.
The latest funding round adds to the $2 million raised during a seed round that took place towards the end of last year, which included investments from Pareto, Eniac Ventures and Protocol Labs, to name a few.
The company’s co-founder, Revas Tsivtsivadze, said in an interview with Forbes yesterday that ...
Read more: https://coinquora.com/rarify-receives-10-million-from-pantera-capital-in-funding-round/
Text source: News – CoinQuora – Latest Cryptocurrency and Block
