NFT Marketplace Mintable Raises $13M To Develop Blockchains

NFT Marketplace, a company developing blockchain-powered games and applications, raised $13 million in its initial coin offering (ICO) to create the first decentralized digital marketplace. The company plans to release an alpha version of the platform by mid-2018.

The mintable coin price is a cryptocurrency that is built on the NFT Marketplace. It was created by a team of developers who have raised $13M to develop blockchain applications.

• Mintable, an NFT marketplace, has raised $13 million to build blockchains.
• Mintable is a platform that runs on Ethereum.
• NFL Jacksonville sold an NFT collection.

Mintable, an NFT marketplace, has raised $13 million in Series A financing to expand its blockchain development. Ripple, mobile and blockchain game company Animoca Brands, and MetaPurse, the world’s biggest NFT investment fund, all joined in the Series A financing round.

Furthermore, as Ripple pointed out,

“Its ecologically friendly characteristics will enable billions of NFTs to be coined, purchased, and exchanged on the XRPL in a sustainable manner.” 

Mintable is now an Ethereum-based platform. Mark Cuban, owner of the Dallas Mavericks, has a crypto-related investment in his growing portfolio. In March, Mark Cuban participated in Mintable’s $2.5 million seed round.

Mintable, which debuted in 2018, has now minted over 700,000 products in the last year. Allowing for the creation of a growing library of one-of-a-kind products such as digital art, music, collectibles, and video games.

Mintable has also sold and auctioned works by Grammy-Award-winning musicians as well as high-profile artists, celebrities, and sports figures, and offers a unique transaction-free minting function. Users may generate their own non-fungible tokens (NFT) without having to pay high network fees.

The funds will be utilized to scale the company’s operations and create growth and user acquisition strategies. “Accelerating the development of this creative economy begins with an infrastructure that eliminates obstacles to entry, like as high gas prices and environmental costs of manufacturing NFTs, which many now face,” Monica Long, General Manager of RippleX at Ripple, said.

As a result, NFL Jacksonville Jaguars quarterback Trevor Lawrence sold an NFT collection on the site for almost $400,000 in late April.

The mintable token is a decentralized cryptocurrency that can be traded on the NFT Marketplace. It was developed by mintable, which raised $13M to develop blockchains.

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