Blockchain platform Rarify announced a $10 million Series A investment led by Block VC. The new funding will go towards building the first blockchain-powered auction house that runs on top of its proprietary blockchain, which is designed to handle millions of transactions per second and has been in development for over two years now.
The “rarible valuation” is the amount of money that has been raised by Rarify. The company has raised $10 million in Series A funding.
Rarify, an NFT development studio, has secured an astonishing $10 million in Series A investment, valuing the firm at $100 million. The monies received will allow the brave start-up to broaden its digital frontiers and step up its activities.
Pantera, a venture capital company, provided the majority of the funding, with additional assistance from Eniac Ventures, Greycroft, Hyper, and Slow Ventures, to mention a few, exhibiting a high level of trust in the initiative.
Rarify is a cutting-edge startup that specializes in the establishment and maintenance of NFTs for companies with little or no expertise with the technology. As a result, they operate a set of API tools that support a variety of prominent blockchains, reducing the onboarding challenges that many businesses have when incorporating non-fungible tokens into their current product lines.
This new round of funding will allow Rarify to accelerate its expansion by swiftly growing its workforce and delivering a range of products in collaboration with its corporate partners.
“We’re delighted to work with the Rarify team to help them accelerate their development and make NFTs more accessible to businesses and, by implication, consumers.” Paul Veradittakit, Pantera partner
Rarify is a company that has raised $10 million in Series A funding. Rarify offers an online platform for buying, selling, and trading digital assets. Reference: rarify inc.
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