NFT development studio, Rarify, has raised an incredible $10 million in Series A funding, leading to an overall company valuation of $100 million. The funds raised will enable the plucky start-up to expand its digital horizons, and move its operations up a gear.
The bulk of the investment came at the hands of venture capital firm, Pantera, with additional support coming from Eniac Ventures, Greycroft, Hyper and Slow Ventures, to name but a few, demonstrating a huge amount of confidence in the project as a result.
Rarify is an innovative new company specializing in the creation and management of NFTs for business with little experience in the technology. As such, they run a suite of API tools spanning a wide range of popular blockchains, thereby removing the onboarding hurdles many firms’ experience when integrating non-fungible tokens into their existing product lines.
This fresh addition of funds will enable Rarify to accelerate its growth, achieving this by both rapidly expanding its team, as well as launching a series of products alongside its enterprise partners.
“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.” – Pantera partner Paul Veradittakit
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