Through follow-up investments in this most recent round, the vast majority of the investors from the protocol’s seed round, which was completed earlier this year, have reaffirmed their support for the initiative. These include venture capital firms like Shima Capital and Spartan Capital, as well as Mapleblock, The LAO, and David Choi, co-founder of MetaStreet, who have just joined them as private round supporters.
With NFTs as security, Pine Protocol enables users to borrow crypto. The protocol intends to introduce the whole platform, which will include several NFT-fi features, including the ability to bid on NFTs on OpenSea and pay for purchases later. In addition, Pine Protocol intends to introduce its token, PINE, in the first quarter of 2023.
Over 40 separate NFT collections totaling over $3.3 million in loan transactions have been handled over its NFT-loan platform since its beta introduction.
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 News
The US DOJ investigates Polymarket for Alleged Illegal US User Bets Polymarket, for allegedly permitting…
Ethereum’s ICO was priced at around $0.30 per token, and today, it’s valued in the…
If you’ve been regretting missing out on Cardano, Qubetics ($TICS) might just be the ticket…
The Shiba Inu price is on track to reach a new ATH of $2, while…
So, you’re on the lookout for the next big thing in crypto? Aren’t we all?…
Miami, Florida, 13th November 2024, Chainwire
This website uses cookies.