The NFT marketplace Joepegs on Avalanche has completed a $5 million seed round financing, led by FTX Ventures and the Avalanche Foundation

ChainCatcher news, the NFT marketplace Joepegs on Avalanche has completed a $5 million seed round financing, led by the now-defunct FTX Ventures and Avalanche Foundation. The Joepegs team stated that the funds from FTX Ventures were completed in June and had been transferred from FTX before the recent bankruptcy events.

It is reported that Joepegs launched in May this year, and its co-founder 0xMurloc also founded and participated in the operation of the decentralized exchange Trader Joe on Avalanche. Joepegs also includes an in-house production department, Joe Studios, as well as an NFT Launchpad. This financing will be used to continue developing its core marketplace and accelerate the growth of Joe Studios. (Techcrunch)