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Cyan Raised $2M in Seed Round Funding

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Cyan, the Buy Now, Pay Later (BNPL) service for the metaverse, announced it has raised $2M in a seed round of funding.

Cyan raised $2M in a Seed Funding Round led by gumi Cryptos Capital (gCC) and Animoca Brands. OpenSeaFabric VenturesBastion Trading, and angels from The Sandbox and YGG also participated in the round.

Cyan’s Buy Now, Pay Later Service

Cyan’s Buy Now, Pay Later service allows consumers to make purchases and pay for them in the future, allowing users to finance purchases, re-collateralize their NFTs, and offer capital providers a way to stake into Vaults to earn a yield on financing metaverse assets.

Management Quote

Hence, Cyan plans to add more Vault categories. Integrate multiple blockchains including Solana, and deploy other unique features that do not yet exist in NFT financing.

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SOURCE

https://medium.com/@usecyan/cyan-receives-2m-in-seed-round-investment-1d172f6e17a9

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