According to the Daily Planet, the NFT mortgage lending platform MetaStreet announced the completion of a $25 million financing on the X platform, with investors including Andrew Kang, dingaling, GMoney, MrBlock, DCF God, Sisyphus, Spencer, FreeLunchCapital, Jae Chung, GoodAlexander, etc. Following the $24 million in seed and venture rounds in 2022, MetaStreet's total financing reached $49 million. The company is building a decentralized interest-bearing token platform that aims to "unleash $3.5 billion in revenue opportunities in the NFT market." MetaStreet introduces Liquid Credit Tokens to provide a scalable capital market for on-chain illiquid assets. In addition, MetaStreet announced the launch of Ascend, a platform designed to facilitate access to illiquid credit markets, with the core of expanding the scale of on-chain debt, aiming to release untapped opportunities for NFTs and other illiquid assets.
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MetaStreet Completes $25 Million in Financing, Plans to Unleash $3.5 Billion in Revenue Opportunities in the NFT Market
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