South African startup NFTfi raises $ 5 million in funding

2021-11-20 05:19
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South African startup NFTfi recently raised $ 5 million, according to Golden Financial, and the company plans to use the money to support its non-fungible token (NFT) business. NFTfi's $ 5 million funding round was provided by American actor Ashton Kutcher's Sound Ventures. Other investors contributing to this fund are Maven 11, Scalar Capital and Kleiner Perkins. Founded by Stephen Young in February 2020, the company has grown into a commercial enterprise allowing consumers to withdraw NFT cryptocurrency loans and provide NFT loans to borrowers. The report explains that with stake tokens, NFT holders can deposit income without having to sell it. (News.Bitcoin)

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2021-11-20 04:48