Ripple invests NFT platform Mintable

in hive-192766 •  4 years ago 

#NFT platform #Mintable, supported by businessman #Mark #Cuban, known for his interest in cryptocurrencies, received a total of 13 million dollars investment from companies including #Ripple.

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✍️Mintable received a total investment of 13 million dollars from companies including Ripple. In the statement made by Mintable on the subject, Series A funding received much more demand than it should be, among investors Ripple, as well as Animoca Brands, NFT investment fund Metapurse supported by Metakovan, #Shutterstock founder and chairman of the board Jon Oringer and Doug Band was also stated.

The $13 million from the investment will go towards Mintable's scaling of operations and initiatives to increase the number of users.

✍️Zach Burks, the 28-year-old founder and CEO of Mintable, said in a statement on the subject:

“As the industry continues to develop, grow and mature, there are more important days for us. This step is a very important milestone for Mintable. We are very grateful to our investors who share our belief in the enormous opportunities that NFTs will bring to mainstream users.”

Among other important investors of Mintable; It is stated that Expedia Group, Double Peak, 7 O'Clock Capital, 640 Oxford Ventures, Digital Finance Group, Spark Digital Capital, Reimagined Ventures and 840 Venture Partners are also involved.

While NFTs, which represent many tangible and intangible products as digital assets, span a wide scale from sports cards to virtual real estate and lands, the most well-known marketplaces of the industry are Mintable, #OpenSea and #Rarible.

As it is known, the young investor Burks, the founder of Mintable, bought Bitcoin at $ 5.50 in 2012, when he finished high school and was considering enlisting in the military . Stating that he lost a lot of money by trading Bitcoin until 2015, Burks said that he later discovered Ethereum .

In an interview he gave this year, the young CEO announced in March that Mark Cuban himself had sold an NFT and invested in the platform he used.

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