In the investment round led by Variant and FinTech Collective, NiftyApes raised approximately $4 million in seed funding from strong investors.
The new trend of recent times in the cryptocurrency market has been investment rounds. Projects that will be new to the sector or that will make improvements in the sector seek funding from investment tours. The tours, especially dominated by powerful names, provide million-dollar funding support to potential projects. One of these investment rounds was led by Variant and FinTech Collective.
NiftyApes Caught the Attention of Coinbase Ventures
The new NFT project NiftyApes has received investment from powerful names, including Coinbase Ventures. The company, which determines the project structure, will allow users to use credit on any NFT trade.
The investment tour also includes names such as Robot Ventures, Polygon, The LAO, FlamingoDAO, Ryan Sean Adams. The interest from Coinbase Ventures to the NiftyApes side also drew attention.
The founders of the project, Zach Herring and Kevin Seagraves, want to use the funds they raise to grow the team and develop the project. Seeing the unfair enrichment of lending platforms in the industry, NiftyApes is building a lending platform for the NFT market.
As the crypto bear market continues, interest in blockchain products is increasing day by day. The number of investors is increasing on the side of Metaverse, NFT, GameFi, DeFi and DEX. The emergence of new projects and new products is helping the crypto market to expand.
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