2 years ago
Rarify, which offers infrastructure to assistance companies adhd non-fungible tokens (NFT) to their platforms, has closed a $10 cardinal Series A backing circular led by crypto concern steadfast Pantera Capital astatine a $100 cardinal valuation. Other investors included Eniac Ventures, Greycroft, Hyper and Slow Ventures.
The backing volition beryllium utilized to accelerate hiring and merchandise launches with endeavor partners.
“Rarify removes the biggest hurdles companies look erstwhile introducing NFTs to their existing products,” said Pantera spouse Paul Veradittakit successful a property release. “We’re excited to spouse with the Rarify squad to accelerate their maturation trajectory and marque NFTs accessible to companies and, by extension, consumers astatine large.”
Rarify is intended to connection an exertion programming interface (API) level that lets companies create, negociate and standard NFT products with a elemental integration.
Rarify presently offers commerce API infrastructure for marketplaces and applications to physique end-to-end NFT experiences.
The institution besides provides real-time API entree to humanities information for NFT assets crossed aggregate blockchains that companies tin usage erstwhile gathering decentralized concern and marketplace products.
“Opportunity is champion harnessed by aboriginal movers and Rarify makes NFT feasible for much companies than ever earlier possible,” said Jon Oringer, laminitis of Pareto and Shutterstock. Pareto participated successful Rarify’s $2 cardinal effect circular successful September.
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