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Source P2E game Nifty League closed a 5m seed round led by RSE Ventures. Source Cryptocurrency exchange has acquired North American derivatives exchange Nadex.
#Nft rarify series#
This fresh addition of funds will enable Rarify to accelerate its growth, achieving this by both rapidly expanding its team, as well as launching a series of products alongside its enterprise partners. NFT infrastructure startup Rarify closed a 10m round of funding led by Pantera Capital. As such, they run a suite of API tools spanning a wide range of popular blockchains, thereby removing the onboarding hurdles many firms’ experience when integrating non-fungible tokens into their existing product lines. Rarify is an innovative new company specializing in the creation and management of NFTs for business with little experience in the technology. The bulk of the investment came at the hands of venture capital firm, Pantera, with additional support coming from Eniac Ventures, Greycroft, Hyper and Slow Ventures, to name but a few, demonstrating a huge amount of confidence in the project as a result. The funds raised will enable the plucky start-up to expand its digital horizons, and move its operations up a gear.
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He said they are located in “two of the hotspots” in Kyiv and Kharkiv, but maintained communication with them throughout.NFT development studio, Rarify, has raised an incredible $10 million in Series A funding, leading to an overall company valuation of $100 million. Tsivtsivadze told Forbes that four of his total 14 employees are currently based in Ukraine, including the director of engineering and the director of technology. Rarify was also directly embarrassed by the situation. However, this may be a brief gasp in the market as recent focus has been on cryptocurrency use cases regarding the ongoing conflict between Russia and Ukraine. Related: OpenSea updates list of banned countries, sparking debate over decentralization Cointelegraph reported yesterday that the number of unique NFT buyers on secondary markets fell by 12% in February, while NFT search volume on Google has fallen by around 60-70% since late January.
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The show of confidence in a new NFT venture comes at a difficult time for the industry. Rarify is also working on a data API that can track NFTs across multiple blockchains, verify a user’s NFT profile picture, and rate the value of specific NFTs. The company currently provides NFT integration services that allow website owners such as blogs or stores to integrate simplistic NFT buying and selling functionality. Eniac Ventures, Greycroft, Hyper et Slow Ventures figuraient parmi les autres. The company intends to use the funds to increase the number of its employees and launch new products with its partners. Rarify, qui fournit des installations pour aider les entreprises à ajouter des jetons non fongibles (NFT) à leurs marchés, a levé 10 millions de dollars lors d’un cycle de financement de série A initié par Pantera Capital, évalué à 100 millions de dollars. The latest funding round also adds to a $2 million seed round from late last year that included participation from Pareto, Eniac Ventures and Protocol Labs, to name a few.
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Tsivtsivadze pointed to the payment process of marketplaces such as OpenSea, which he said has something “like a 14-step process” that could be reduced to as few as three steps. Speaking to Forbes on March 3, Rarify co-founder Revas Tsivtsivadze said the company aims to make it easier to buy and sell NFTs similar to “the way Square made it super easy. The API also allows NFTs to be created and ported between different blockchains. One of Rarify’s core offerings is an NFT commerce-focused application programming interface (API) that allows companies to launch and integrate user-friendly marketplaces into their platforms. Pantera Capital’s backing seems significant as the company is one of the leading crypto venture capital firms. NFT infrastructure startup Rarify has raised $10M in Series A funding from Pantera Capital at a $100M valuation.