NFTfi Raises $6 Million in Series A1

NFTfi’s latest funding round, led by Placeholder VC, has increased the total amount raised to $15 million. Previously, it raised $5 million in a series A round in 2021.

Azcnews (4)

NFTfi, a non-fungible token (NFT) lending protocol, just completed its latest Series A funding round raising $6 million. This is an important step in developing the leading lending and liquidity platform for NFTs.

Along with Placeholder VC, other investors participating in the round include Maven, Launch Labs Inc, Kahuna Ventures, Brevan Howard, The LAO, Reciprocal, a_capital Ventures, Hash, Bloccelerate, Cypher Capital and Longhash Ventures.

NFTfi’s total capital raised has increased to $15 million, after previously raising $5 million in a series A round in 2021.

The team plans to use the new funds to upgrade their decentralized application (dApp). The plan includes support for manual peer-to-peer loans and expanding the SDK’s features to enhance liquidity on the platform. Furthermore, they are developing a separate open payments layer for NFT financing, as mentioned in the project’s statement.

Related: Pepe The Frog Creator Drops A New NFT Collection

To date, NFTfi has facilitated $534 million in total lending volume since launching in 2020. Lenders on the platform have earned more than $15 million in profits.

NFTs used as collateral on the platform include CryptoPunks, Bored Ape Yacht Club, Mutant Ape Yacht Club, Art Blocks, Autoglyphs, Doodles, Pudgy Penguins, Azuki, Clone X and Otherdeed.

(9 votes)

4.9/5

(9 votes)
  1. Avatar of Osborne
    Osborne

    Nice following you guys

  2. Avatar of
    Anonymous

    Why

  3. Avatar of
    Anonymous

    Nice to see you guys

  4. Avatar of Shubbin
    Shubbin

    That’s amazing

  5. Avatar of
    Anonymous

    Kool

  6. Avatar of WaxyaW
    WaxyaW

    Kool thx info

  7. Avatar of Great
    Great

    Wow

Comments are closed.

Latest

Binance.us Accused Of Political Favoritism After Listing Trump Family’s Usd1 Token

News | Editor Choice | Policy & Regulations

Binance.US Accused of Political Favoritism After Listing Trump Family’s USD1 Token

Binance.US is facing a wave of fierce criticism after listing the Trump family’s USD1 stablecoin, just a week after Donald Trump’s controversial pardon of Changpeng Zhao — a move many see as a “political favor” between the White House and the crypto world.

Spacex Moves $31 Million In Bitcoin, What Is Elon Musk Planning

News | Bitcoin | Editor Choice

SpaceX Moves $31 Million in Bitcoin, What Is Elon Musk Planning?

SpaceX’s sudden $31 million Bitcoin transfer within just one week has sent shockwaves through the market, sparking speculation that Elon Musk may be preparing for a mysterious strategic move.

21shares Files For Hype Etf, While Bitwise’s Solana Etf Records

News | Altcoin | Editor Choice

21Shares Files for HYPE ETF, While Bitwise’s Solana ETF Records

The crypto ETF market is heating up as 21Shares and Bitwise roll out new products, signaling Wall Street’s growing interest in altcoins.

Bitcoin Eyes A Hopeful November Amid Fed Division On December Rate Cut

News | Bitcoin | Editor Choice

Bitcoin Eyes a Hopeful November Amid Fed Division on December Rate Cut

Following the Federal Reserve’s widely expected rate cut, the crypto market has yet to show signs of recovery as internal divisions over a potential December easing weigh on sentiment, making Bitcoin’s short-term outlook more cautious than ever.

Ethereum’s Key Changes After The Fusaka Upgrade

News | Altcoin | Editor Choice

Ethereum’s Key Changes After the Fusaka Upgrade

The Fusaka upgrade marks a pivotal step in Ethereum’s journey toward large-scale scalability, promising faster transaction speeds, enhanced security, and laying the foundation for the next explosive phase of the world’s leading blockchain.

Screenshot 2025 10 20 091338