PANews reported on October 28 that Peter Thiel's Founders Fund participated in Infinex's 'sponsored' NFT financing model, helping it achieve a fundraising target of $67 million. This financing from Infinex attracted venture capital, angel investors, and community supporters through the sale of Patron NFTs, with other participating institutions including Wintermute Ventures, Framework Ventures, and Solana Ventures. Individual investors included Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov.
Infinex was founded by Kain Warwick, the founder of Synthetix, and is dedicated to building a decentralized trading experience aimed at competing with centralized exchanges. The platform currently has a total locked value of $125 million, and will focus on achieving features such as spot trading, derivatives, and fiat entry in the future to further approach the service level of centralized exchanges.
