NFT Marketplace Mintable Raises $13 Million in Series A Funding with Ripple

Mintable, a Mark Cuban-backed NFT marketplace, has raised $13 million in Series A funding.

Mintable, a Mark Cuban-backed NFT marketplace, has raised $13 million in Series A funding, which Mintable said was oversubscribed. Among the investors were Ripple, Animoca Brands, MetaKovan’s Metapurse and Expedia Group-backed NFT investment funds, as well as Shutterstock founders and executive chairman Jon Oringer and Doug Band The funding will be used to expand Mint. The funds will be used to expand Mintable’s operations and fuel its growth and user acquisition programs.

This is an important milestone for Mintable as the technology continues to mature and the space grows rapidly, and we are grateful for the support of our investors who share our belief in the many opportunities that NFT presents to mainstream users,” said Zach Burks, CEO of Mintable. “

Founded in 2018, Mintable has helped create about 700,000 NFTs on its platform to date. the average price of these NFTs ranges from $10,000 to $50,000, Burks said. Several NFTs have sold for $500,000, and one NFT changed hands for $2 million.

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