NFT lending company NiftyApes announced that it had raised $4.2 million in a seed funding round co-led by Variant and FinTech Collective, with participation from Robot Ventures, Polygon, Coinbase Ventures, and others.

The financing was headed by Variant and FinTech Collective. Robot Ventures, Polygon, Coinbase Ventures, The LAO, FlamingoDAO, and Ryan are among the other participants.

Sean Adams, David Hoffman, Eric Conner, Anthony Sassano, Cyrus Younessi, DC Investor, James Young, James Duncan, Nadav Hollander, and Brendan Forster are among those who have participated. The money will be utilized to grow the team.

The startup follows a trend of venture investors showing interest in NFT-focused debt financiers.

NiftyApes seeks to expand the secondary loan market for NFTs, shifting it away from predatory lending practices that reward the rich in Web2 environments. NiftyApes attempts to do this by encouraging market competition to refinance an NFT loan automatically.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Website: coincu.com

Harold

CoinCu

Coinbase Ventures

NiftyApes

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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.

NFTs News

NiftyApes Raises $4.2 Million In Seed Round With Coinbase Ventures Involved

NFT lending company NiftyApes announced that it had raised $4.2 million in a seed funding round co-led by Variant and FinTech Collective, with participation from Robot Ventures, Polygon, Coinbase Ventures, and others.

The financing was headed by Variant and FinTech Collective. Robot Ventures, Polygon, Coinbase Ventures, The LAO, FlamingoDAO, and Ryan are among the other participants.

TODAY IS THE DAY.

A year ago, #NiftyApes began with questions about inequalities in lending and borrowing.

Today, our $4.2M seed round led by @variantfund and @fintech_io begins to answer those questions.https://t.co/WK5Z1v4svk

— NiftyApes (@NiftyApes) November 1, 2022

Sean Adams, David Hoffman, Eric Conner, Anthony Sassano, Cyrus Younessi, DC Investor, James Young, James Duncan, Nadav Hollander, and Brendan Forster are among those who have participated. The money will be utilized to grow the team.

The startup follows a trend of venture investors showing interest in NFT-focused debt financiers.

NiftyApes seeks to expand the secondary loan market for NFTs, shifting it away from predatory lending practices that reward the rich in Web2 environments. NiftyApes attempts to do this by encouraging market competition to refinance an NFT loan automatically.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu

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