NFT infrastructure startup Mintify has raised $3.4 million in additional funding, bringing its total funding to $5 million.
Points
- Mintify raised $3.4 million in additional funding.
- The round saw participation from ARCA, Cumberland, Psalion, Master Ventures, Zeneca, and others.
- Mintify’s total funding now stands at $5 million.
- The platform supports Ethereum, Base, and Blast, with plans to expand to Ordinals and other systems.
- Mintify is building an NFT order book for gaming, art, and real-world asset markets.
The NFT startup Mintify has raised $3.4 million in additional funding. This latest funding round saw participation from ARCA, Cumberland, Psalion, Master Ventures, Zeneca, GM Capital, Spencer VC, and over 50 angel investors. Mintify’s total funding now stands at $5 million.
Mintify is focused on building infrastructure for an NFT order book that caters to gaming, art, and real-world asset markets. The platform currently supports Ethereum, Base
, and Blast, with plans to expand to Ordinals and other systems by the end of the year. Mintify aims to facilitate the tokenization of assets, allowing for seamless trading and integration within decentralized technologies.
“As tokenization accelerates and permissionless capital matches or exceeds traditional centralized capital, we will see more web2 experiences migrate or merge with decentralized technologies,” said Mintify Founder and CEO Evan Varsamis. “We’re calling this ‘embedded decentralization,’ and we believe more services will be a hybrid of centralized and decentralized architectures. We’re excited to be at the forefront of this economic boom on-chain, partnering with platforms like Coinbase and Base.”
The latest funding will help Mintify expand its platform and integrate more systems, enhancing its capability to support a broader range of NFT markets.
Explanation
- Mintify’s successful funding round underscores strong investor confidence in the potential of NFT infrastructure.
- The expansion plans indicate Mintify’s commitment to becoming a comprehensive platform for NFT trading across various markets.
- The concept of ‘embedded decentralization’ highlights the evolving trend of integrating decentralized technologies with traditional web2 experiences.
- Partnering with major platforms like Coinbase and Base positions Mintify as a key player in the NFT ecosystem.
- The additional funding will support further development and expansion, enhancing Mintify’s offerings and market reach.
