NFT Solutions Startup Rarify Raises Million in Series A Funding For 0 Million Valuation
Startup company Rarify has raised $10 million in its recent Series A funding round. Led by Pantera Capital, the round makes Rarify a $100 million company. Investments were made by Eniac Ventures, Greycroft, Hyper, and Slow Ventures.
Rarify aims to simplify the whole process of creating and selling NFTs by producing the right infrastructure for third parties who wish to integrate NFT services.
According to co-founder Revas Tsivtsivadze, the firm takes after Block, previously known as Square, noting that “Square made it super easy to accept payments.”
Rarify will spend the funds wisely, by hiring new people more aggressively while also launching NFT products with corporate partners.
Noting that Rarify’s solutions “make NFTs accessible to companies and, by extension, consumers at large,” Pantera partner Paul Veradittakit said:
“Rarify removes the biggest hurdles companies face when introducing NFTs to their existing products.”
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Source: igaming
