NFT Marketplace Backed by Mark Cuban Raises $13 Million in Series A – Bitcoin News

The Mark Cuban-backed non-fungible token (NFT) marketplace Mintable has raised $13 million in a Series A funding round, according to an announcement on Thursday. The Singapore-headquartered Mintable, plans to use the funds to expand its offerings, as the application already features 700,000 NFTs minted on the Mintable platform.

NFT Marketplace Mintable Raises $13 Million

On July 1, 2021, the NFT marketplace Mintable announced that it had raised $13 million in a Series A financing round. Investment stemmed from well known investors like Metapurse, Ripple Labs, Animoca Brands, Metakovan, Doug Band the former advisor to Bill Clinton, and the founder of Shutterstock, Jon Oringer as well.

In recent times, Mintable collaborated with the National Football League (NFL) quarterback Trevor Lawrence in an NFT collection series. Lawrence’s NFTs sold for over $400K and Mintable has also collaborated with the popular Japanese fashion brand Bathing Ape.

“With the new injection of funds, Mintable will be focusing on scaling its operations and boosting its growth and user acquisition initiatives,” a statement from Mintable sent to News explained.

Furthermore, the founder and CEO of Mintable, Zach Burks, explained during the announcement that non-fungible tokens have gathered widespread attention, and Mintable aims to mature alongside the growing NFT industry. “Throughout 2021, NFTs have reached mass appeal, having touched almost every sector spanning entertainment, fine arts, sports, and many more,” Burks said. Mintable’s founder added:

As the technology continues to mature and the space rapidly evolves, this is a critical company milestone for Mintable and we are thankful for the support from our investors who hold the same shared belief of the many opportunities that NFTs can bring among mainstream users.

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