NFTfi, the premier lending and liquidity platform for NFTs, proudly announces the successful closure of its Series A1 funding round, securing an impressive $6 million USD. This latest influx of capital elevates our total funding to an impressive $15 million USD, marking a significant milestone in our journey.
Led by Placeholder, a trailblazing force in the web3 investment landscape, our Series A1 round has attracted notable participation from esteemed venture capital firms and forward-thinking DAOs. Among them are Longhash Ventures, Punks DAO, and Flamingo DAO, underscoring the widespread confidence in NFTfi’s vision and potential.
Since our inception in 2020, NFTfi has been at the forefront of innovation, notably pioneering the first on-chain NFT loan in May of that year. Our track record speaks volumes, with a string of high-value loans against NFT collateral making waves within the industry. As we continue to push boundaries and redefine possibilities in the NFT space, NFTfi remains steadfast in its commitment to revolutionizing decentralized finance.
What’s next for NFTfi?
NFTFI is currently laser-focused on Real World Assets (RWAs), establishing a dynamic partnership with Fabrica Land to revolutionize the lending landscape through Tokenized Real Estate-backed loans. As we continue to pave the way, our next stride involves venturing into the tokenization of luxury watches, expanding our reach and impact.
Our achievements speak volumes: NFTfi has surpassed an impressive total loan volume of over $534 million USD, with users reaping the rewards of over $15 million USD in interest on collateral loans backed by blue-chip NFTs such as CryptoPunks, Bored Apes, Autoglyphs, among others.
As the NFT trading sphere experiences exponential growth, with the total market cap hovering around $10 billion USD, rest assured, the NFT financial sector is poised to synchronize seamlessly with market trends throughout 2024 and beyond.