{"id":6453,"date":"2021-07-20T18:31:21","date_gmt":"2021-07-20T17:31:21","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=6453"},"modified":"2021-07-20T18:31:30","modified_gmt":"2021-07-20T17:31:30","slug":"define-nft-platform-raises-5m-from-asian-investors","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/define-nft-platform-raises-5m-from-asian-investors\/","title":{"rendered":"DeFine NFT platform raises $5M from Asian investors"},"content":{"rendered":"\n
According to Define's operations lead, Myoung Hoon Kang<\/a>, he said, “It is my joy to have these significant gaming and entertainment organizations in Asia as key investors.”<\/h5>\n\n\n\n
\"DeFine<\/figure>\n\n\n\n

DeFine, a socially conscious nonfungible token platform\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> has raised $5 million in strategic funding as part of a larger drive to bring more businesses into the NFT space.<\/p>\n\n\n\n

Huobi Ventures, Abyss, an eSports entertainment firm, and PearlAbyss, a global game developer, lead the round, the company revealed Tuesday. Draper Dragon, NGC Ventures, and SevenX Ventures were among the Asian blockchain funds that attended.<\/p>\n\n\n\n

DeFine's worldwide operations lead, Myoung Hoon Kang, said, “It is my joy to have these significant gaming and entertainment organizations in Asia as key investors.”<\/p>\n\n\n\n

\u201cThrough strategic investment and collaboration<\/a>, we will be able to jointly establish new market potential in a variety of industries.\u201d<\/p><\/blockquote>\n\n\n\n

Investors will receive direct support from DeFine in connecting to the NFT market as part of their strategic investment. The company's ambition is to build Asia's largest NFT ecosystem.<\/p>\n\n\n\n

One of its key goals is to introduce NFTs to the general public, starting with the gaming and entertainment industries.<\/p>\n\n\n\n

DeFine bills itself as a social NFT platform for artists, musicians, gamers, influencers, and athletes. Users of the platform have NFT-based social profiles that showcase their accomplishments and contributions to the network.<\/p>\n\n\n\n

According to DappRadar data, the sale of NFTs increased by $2.5 billion in the first half of 2021<\/a>. Gaming and entertainment are two of the most common NFT applications.<\/p>\n\n\n\n

This trend has been noticed by venture capitalists, who have spent millions of dollars into NFT-focused firms this year alone.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to Define’s operations lead, Myoung Hoon Kang, he said, “It is my joy to have these significant gaming and entertainment organizations in Asia as key investors.” DeFine, a socially conscious nonfungible token platform has raised $5 million in strategic funding as part of a larger drive to bring more businesses into the NFT space. […]<\/p>\n","protected":false},"author":12,"featured_media":6454,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[1655,1653,1654],"class_list":["post-6453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft-news","tag-asian-investors","tag-define","tag-nft-platform"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/07\/DeFine-NFT-platform-raises-5M-from-Asian-investors.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6453","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=6453"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/6453\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/6454"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=6453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=6453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=6453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}