Mark Cuban–Backed NFT Marketplace Mintable Raises $13M
Mintable a next-generation non-fungible token (NFT) minting platform and marketplace built on the blockchain, backed by billionaire celebrity Mark Cuban, has raised $13 million in a series A funding round from investors, including digital asset issuer Ripple.
Mintable said the round was oversubscribed. Investors are Animoca Brands, Metapurse, the NFT investment fund backed by crypt enthusiast MetaKovan, Jon Oringer, the founder and executive chairman of Shutterstock, and Doug Band, a founding partner of investment bank Teneo.
The funding will be used to scale Mintable’s operations and boost its growth and efforts to gain more users.
NFTs are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers.
Mintable, OpenSea and Rarible are Ethereum NFT marketplaces that are popular for digital collectibles.
