The NFT algorithm lending protocol Fungify has completed a $6 million financing round, with participation from Distributed Global and others

2023-02-02 09:37:05

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ChainCatcher news, the non-custodial NFT index and algorithmic lending protocol Fungify has completed a $6 million financing round, led by CitizenX, with participation from Distributed Global, Infinity Ventures Crypto, Taureon Capital, Anagram, Flow Ventures, former Polychain Capital president Joe Eagan, and Merit Circle founder Mark Borsten.

Fungify plans to launch in the first or second quarter of this year after the completion of a security audit. Fungify allows users to invest in NFT index tokens, backed by NFTs contained in the Fungify MarketVault and redeemable. This enables anyone, regardless of their investment level, to access a wide range of community-curated NFTs without worrying about the liquidity of any single NFT. (Source link)

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NFT Fungify investment and financing

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