Rarify has raised $10 million in a Series A fundraising round led by Pantera Capital. The fund will be utilized to speed up the hiring process and product launches with business partners.
Rarify, which provides an infrastructure to assist firms to add non-fungible tokens (NFT) to their platforms, has raised $10 million in a Series A fundraising round led by Pantera Capital, valued at $100 million. Eniac Ventures, Greycroft, Hyper, and Slow Ventures were among the other investors.
The money will be utilized to speed up the hiring process and product launches with business partners.
In a press statement, Pantera partner Paul Veradittakit remarked, “Rarify removes the major impediments firms have when implementing NFTs to their existing products.”
“We’re delighted to work with the Rarify team to help them accelerate their growth and make NFTs more accessible to businesses and, by implication, consumers.”
About Rarify
Rarify intends to provide an application programming interface (API) platform that allows firms to easily design, administer, and grow NFT products.
Rarify presently provides commerce API infrastructure to marketplaces and applications to enable them to create end-to-end NFT experiences.
Companies can use the company’s real-time API access to historical data for NFT assets across different blockchains to construct decentralized financial and marketplace applications.
“Opportunity favours the forerunners, and Rarify makes NFT accessible to a wider range of businesses than ever before,” stated Jon Oringer, founder of Pareto and Shutterstock. In September, Pareto took part in Rarify’s $2 million seed round.
