NFTfi, the leading lending and liquidity protocol for NFTs, has announced the successful completion of its Series A1 funding round with $6 million USD raised.
Cape Town, South Africa, March 11th, 2024, Chainwire
NFTfi, the leading lending and liquidity protocol for NFTs, has announced the successful completion of its Series A1 funding round with $6 million USD raised. Led by Placeholder VC, renowned investors in successful decentralized protocols and web3 services, this latest round of funding brings NFTfi’s total funding to $15 million USD.
Some notable co-investors include Maven 11, Launch Labs Inc, Kahuna Ventures, Brevan Howard, The LAO, Reciprocal, a_capital Ventures, Hash, Bloccelerate, Cypher Capital, Longhash Ventures, and prominent angels and DAOs like Punks DAO and Flamingo DAO.
The History of NFTfi
Launched in 2020, NFTfi is the pioneer of the NFT Finance space. On May 15, 2020, NFTfi was used to execute the first on-chain NFT loan and later set a record with a $1.42 million USD loan against Autoglyph #488 on October 21, marking the largest historical loan on a single NFT.
