Ripple has secured a $13 million funding accomplished in Mintable; an NFT marketplace that permits users to create, buy, and sell digital items utilizing fiat or digital currency.
Other investors include:
- Blockchain gaming developer Animoca Brands
- NFT investment fund Metapurse
- Angel backers Doug Band
- A former consultant to Bill Clinton
- And Jon Oringer, founder and executive chairman of Shutterstock.
Mintable has announced USD 13 million in Series A funding to expand its platform support for more blockchains. According to the official press release, this investment comes as tokenization launches into the mainstream; in 2020 alone, consumers spent USD 54 billion on non-fungible tokens (NFTs).
Zach Burks, CEO, and founder of Mintable states: “Throughout 2021, NFTs have attained mass appeal, has affected nearly every sector spanning entertainment, fine arts, sports, and many more.”
Zach Burks, CEO, and founder of Mintable states:
“Throughout 2021, NFTs have attained mass appeal, has affected nearly every sector spanning entertainment, fine arts, sports, and many more. As the technology continues to mature and space swiftly evolves, this is a crucial company breakthrough for Mintable. We are grateful for the support from our investors who maintain the same shared belief; the many possibilities that NFTs can bring amongst mainstream users.”
Mintable Utilizes Ripple XRP Ledger
Based in Singapore, Mintable last year minted 700,000 NFTs for brands, celebrities, and artists.
As for the future, Mintable schedules to unify with Ripple’s XRP Ledger. This will guarantee low transaction fees and low energy consumption for NFT creators to sell their works.
In a report, Ripple states: “We couldn’t be more excited to work with our friends at Mintable. To furnish creators and developers with a best-in-class experience and bring more participants into the blockchain ecosystem with NFTs.”
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