NFTs News

NFT Financing Firm MetaStreet Raised $10 Million In Funding

MetaStreet, an NFT loan supplier, has raised $10 million in new investment.

NFT Financing Firm MetaStreet Raised $10 Million In Funding 2

DragonFly Capital, Nascent, and Ethereal Ventures participated in the round, as did previous investors in MetaStreet. Fintech Collective, DCG, TheLAO, Focus Labs, Mirana Ventures, Metaversal, OpenSea Ventures, Ledgerprime, Meta4, and Flying Falcon were among the new investors.

The firm’s total investment is now $24 million when combined with the $14 million in initial capital secured in February.

The funds will be used to develop trust, credit, and ownership solutions to enable debt and expand the debt infrastructure of the NFT business.

MetaStreet, which was established in 2021, provides liquidity and scalable infrastructure for NFT collateralization platforms. The company intends to supplement the debt system in the NFT market by offering automated underwriting, mitigating waterfalls, and other tools.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.