NFT Infrastructure Provider Rarify Gets $10 Million Investment
Rarify, a startup that helps third parties incorporate NFT components into their technology platforms, has raised $ 10 million in its Series A funding round. The round was led by Pantera Capital, a leading cryptocurrency-based venture capital firm. The company has now reached a reported valuation of $ 100 billion amid growing NFT's popularity in various fields, including gaming and metavers applications.
Rarify, a company that builds infrastructure for third parties to integrate NFT services, raised $ 10 million in its recent Series A funding round. The round, which led Rarify to a 100 million valuation, was led by Pantera Capital with the participation of other companies, including Eniac Ventures, GreyCroft, Hyper and Slow Ventures.
Rarify's goal is to simplify the entire process of creating and selling NFT in the same way that Square has made it so easy to receive payments, according to a statement from its co-founder Revas Tsivtsivadze. The company will use the funds raised in the funding round to launch more aggressive recruitment and launch NFT products with corporate partners.
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