NFT infrastructure platform Rarify has now raised $10 million in its Series A funding round led by Pantera Capital, the company announced in a press release Thursday. The latest investment round has taken the company’s valuation to $100 million.
Apart from Pantera Capital, other participants in the round include Eniac Ventures, Greycroft, Hyper, and Slow Ventures. The company previously raised $2 million in seed funding from Pareto, Eniac Ventures, Greycroft, Scott Belsky, Protocol Labs, and others.
Pantera partner Paul Veradittakit said in the press release:
“Rarify removes the biggest hurdles companies face when introducing NFTs to their existing products. We’re excited to partner with the Rarify team to accelerate their growth trajectory and make NFTs accessible to companies and, by extension, consumers at large.”
With the recent funding, the company plans to expand its team and launch more products shortly. Rarify currently offers API infrastructure for NFT marketplaces and related applications, including NFT embeds, data API, and commerce API.
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Written by: Gauri Bhatia