NFT Arcade Guaranteed Loan Platform Raises $ 15 Million in Funding Round By Cointelegraph

Arcade, a platform that allows users to use non-fungible tokens (NFTs) as loan collateral, has raised $ 15 million in a Series A funding round with participation from Pantera Capital.

In a Wednesday ad, Arcade noted Pantera, Castle Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Management, Eniac Ventures, Protofund, Probably Nothing Capital and Lemniscap, in addition to angel investors, BlockFi CEO Zac Prince and Quantstamp CEO Richard Ma were at the origin of the investment in order to connect. Loans guaranteed by NFT with the decentralized financial space. The platform is also coming out of a private version with a total loan volume of $ 3.3 million guaranteed out of a total of $ 10 million in assets.

Continue reading on Coin Telegraph

Warning: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. The prices may therefore not be exact and differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will not accept any responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.

Comments are closed.