NFT Platform Rarible Closes $14.2 Million Series A Funding Round Led by CoinFund

NFT platform Rarible announced Wednesday that it raised $14.2 million in Series A funding led by New York-based crypto investment group Coinfund and Venrock, the venture capital arm of the Rockefeller family.

NFT Platform Rarible Closes .2 Million Series A Funding Round Led by CoinFund

NFT platform Rarible announced Wednesday that it raised $14.2 million in Series A funding led by New York-based crypto investment group Coinfund and Venrock, the venture capital arm of the Rockefeller family, with participation from 01 Advisors, Cointelegraph reported on June 23. Rarible said it will use the new funding to grow its team.

In addition, Rarible said it will launch an NFT marketplace on the Flow blockchain where users can launch NFTs and complete minting on Rarible. the Rarible platform has partnered with artists and content creators such as Maxim, Ghostface, Johnny Nunez and Xeo Chu to launch NFTs.

Rarible co-founder Alexander Salnikov stated

Blockchain Flow has a proven track record of driving NFT mainstreaming by creating native experiences for non-crypto audiences. flow is gas-free to mint, low-cost to trade and scalable, increasing accessibility for consumers and brands and lowering the barrier to entry.
In early 2018, CoinFund partnered with Venrock to support crypto and blockchain company innovation amidst the token offering (ICO) boom. In addition, CoinFund completed an undisclosed amount of investment in Rarible back in September.

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