**Infinex’s Patron NFT Sale: A New Crypto Fundraising Model**

Infinex, led by founder Kain Warwick, has introduced a fresh approach to funding crypto projects with its "Patron NFT" sale. This model aims to level the playing field, allowing all participants to own a piece of the project under the same terms, challenging the traditional venture capital system Warwick criticizes for its "skewed incentives."

Warwick's vision is to create a non-custodial, unified UX layer across all blockchains and DeFi apps, potentially replacing crypto exchanges as the main entry point for users. The sale raised $65.3 million, attracting notable investors like Wintermute Ventures and Solana Labs CEO Anatoly Yakovenko.

Despite the success, Warwick aimed for $100 million and emphasized the importance of wide distribution over focusing solely on VC firms. This innovative funding method comes as overall crypto fundraising has dipped, with quarterly amounts hovering below $3 billion, far less than the highs of late 2021 and early 2022.