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.

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