{"id":4481,"date":"2021-06-23T23:37:11","date_gmt":"2021-06-23T22:37:11","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=4481"},"modified":"2021-06-24T01:11:41","modified_gmt":"2021-06-24T00:11:41","slug":"coinfund-sponsored-a-14-million-fundraising-round-for-rarible","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/coinfund-sponsored-a-14-million-fundraising-round-for-rarible\/","title":{"rendered":"CoinFund sponsors a $14 million fundraising round for Rarible."},"content":{"rendered":"\n
Rarible announced on Wednesday that crypto investment firm Coinfund and Venrock<\/a>, the Rockefeller family's venture capital arm, had led a $14.2 million Series A financing round for the nonfungible token (NFT), platform.<\/h5>\n\n\n\n
\"CoinFund<\/figure>\n\n\n\n

The latest $14.2 million fundraising round for Rarible, the internet marketplace behind many nonfungible token listings, was spearheaded by major crypto venture capital firms.<\/p>\n\n\n\n

The monies will be used to hire new team members, according to Rarible. 01 Advisors is another participant in the funding round.<\/p>\n\n\n\n

Rarible also announced the establishment of an NFT marketplace on the Flow blockchain, where users will be able to mint NFTs while also listing them on Rarible.<\/p>\n\n\n\n

Maxim, Ghostface, Johnny Nunez, and Xeo Chu are among the artists and creators that have collaborated with the platform to release NFTs.<\/p>\n\n\n\n

The co-founder<\/a> of Rarible Alexander Salnikov said, “Flow has a tremendous track record of making NFTs mainstream by providing native experiences for non-crypto audiences.”<\/p>\n\n\n\n

\u201cThrough gasless minting, low-cost transactions, and scalability, Flow as a blockchain offers quicker access and lowers the entry barrier for consumers and brands.\u201d<\/p>\n\n\n\n

During the initial coin offering boom in 2018, CoinFund joined with Venrock to foster innovation in crypto and blockchain companies.<\/p>\n\n\n\n

In September, the New York-based crypto investment firm made an undisclosed investment in Rarible.<\/p>\n\n\n\n

Rarible predicted a 50 per cent increase in capitalization for the NFT<\/a> sector at the time. In 2020, the NFT market was worth $338 million.<\/p>\n\n\n\n

However, according to Cointelegraph, NFT trade volume might reach $175 million by October 2021, with a $470 million market capitalization.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rarible announced on Wednesday that crypto investment firm Coinfund and Venrock, the Rockefeller family’s venture capital arm, had led a $14.2 million Series A financing round for the nonfungible token (NFT), platform. The latest $14.2 million fundraising round for Rarible, the internet marketplace behind many nonfungible token listings, was spearheaded by major crypto venture capital […]<\/p>\n","protected":false},"author":12,"featured_media":4483,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62,21],"tags":[790,788,147,789,791],"class_list":["post-4481","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft-news","category-news","tag-coinfund","tag-marketplace","tag-nft","tag-rarible","tag-venrock"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/06\/CoinFund-sponsored-a-14-million-financing-round-for-Rarible..jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4481","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=4481"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/4481\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/4483"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=4481"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=4481"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=4481"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}