NFTfi, a lending protocol that uses NFTs as collateral in the cryptocurrency sector. Just completed Series A1 capital raising round, raising 6 million USD.

This success brings the total capital raised to $15 million, solidifying their position in the NFT collateral market.

This funding round was led by BPlaceholder VC, one of the leading investors in the electronics technology sector. In addition, there is also the participation of many other investors such as: Maven 11, Launch Labs Inc, Kahuna Ventures, Brevan Howard, The LAO, Reciprocal, a_capital Ventures, Hash, Bloccelerate, Cypher Capital and Longhash Ventures. The interest and support from these reputable investors is proof of NFTfi's future development potential.

To participate in borrowing capital on NFTfi, you can mortgage NFTs such as CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Art Blocks, Autoglyphs, Doodles, Pudgy Penguins, Azuki, Clone X and Otherdeed.

At the same time, Monad, another layer-1, was also in the process of raising capital for 200 million USD with a valuation of up to 3 billion USD, demonstrating the excitement and potential of the cryptocurrency market. in the present time.

With this funding round and the commitment of leading investors, NFTfi has the funding it needs to grow and expand its operations, thereby benefiting both the user community and the money market. electronics in general.