Mintify plans to use the capital from investors, angels, and community to build out its professional product lines and supported networks as it gears up to launch its token later this year.
NEW YORK CITY. July 30, 2024 — Mintify, the fast interface and execution engine for NFT trading, announces it has raised $3.4M in additional funding. Participants include ARCA, Cumberland, GM Capital, Psalion, Master Ventures, Zeneca, Spencer VC, and more than 50 prominent angel investors.
Mintify’s platform has seen strong growth in recent months and boasts 140K active wallets with over 300K transactions in less than a year. Already deployed to ETH, Base, and Blast, Mintify’s NFT Orderbook will soon be on Ordinals and is on track to support dozens of ecosystems and chains by the end of the year, while simultaneously moving into new arenas such as gaming and digital art. The round of funding precedes the release of Mintify’s token set to premiere later this year.
“Emerging on-chain economies that leverage digital assets need infrastructure, tooling, and functionality for liquid markets, sophisticated users, and large ecosystems to emerge. Mintify has been at the forefront of this market for years and has taken a broader view as it relates to supporting real use cases such as gaming, art, music, and Real World Assets. ,” says Dan Simerman, Principal Advisor and Investor.
The future of NFTs lies in their ability to create an interoperable standard between verticals within use-case-specific markets. Mintify provides builders of next-gen use cases with powerful trading infrastructures that can be embedded directly into the products and services launching on-chain. Rather than requiring on-chain teams to start from scratch whenever they need powerful market functionality, Mintify provides a powerful suite of tools that connects brands with all assets on a single network.
“Digital assets will become an integral part of our lives, encompassing assets like games, music, art, RWAs, and fashion. Mintify is equipped with a modular infrastructure and a trading terminal to facilitate this digital collectible revolution,” says Evan Varsamis, CEO. “This structure supports both professional traders and those wanting to join the scene, offering both sophisticated tooling and a clear user experience.”
By 2030, the asset tokenization market is projected to reach $16T, while the global NFT market is set to hit $232B. This growth necessitates a platform where traders can effortlessly manage their portfolios with split-second execution and companies can seamlessly integrate and embed powerful trading functionality into their on-chain economies. Mintify is positioned to meet these growing demands with its NFT Orderbook: the powerful and speedy interface for trading.
“Following the dynamic rise to relevance of non-fungible assets in the last 24 months, there has been a glaring need for infrastructure tooling,” explains Sasha Fleyshman, Portfolio Manager at Arca. “The ecosystem has grown at a rate such that the product lines have far outpaced the rails needed to efficiently facilitate the market. We view Mintify as the right team to position the cart back behind the horse, which will be instrumentally beneficial in support of the next expansionary period of this growing economy.”
With this strong support, Mintify will continue to bring its NFT Orderbook to new arenas and break the limits of the industry.