Mintable Raises $13 Million In Series A Funding Round

 Mintable, a next-generation non-fungible token (NFT) minting platform and marketplace, announced the close of its oversubscribed series A funding round at US$13 million. The round saw participation from notable names including Ripple, which provides XRP Ledger developer tools, programmes, and services and enterprise blockchain solutions; Animoca Brands, the leading mobile and blockchain gaming developer; Metapurse, the world’s largest NFT investment fund backed by Metakovan; Doug Band, American businessman and former advisor to Bill Clinton; and Jon Oringer, founder and executive chairman of Shutterstock. With the new injection of funds, Mintable will be focusing on scaling its operations and boosting its growth and user acquisition initiatives.

“Throughout 2021, NFTs have reached mass appeal, having touched almost every sector spanning entertainment, fine arts, sports, and many more. As the technology continues to mature and the space rapidly evolves, this is a critical company milestone for Mintable and we are thankful for the support from our investors who hold the same shared belief of the many opportunities that NFTs can bring among mainstream users.”—Zach Burks, CEO and Founder of Mintable

Other participants in the round funding included John Kim, president of platform and marketplaces at Expedia Group, Double Peak, 7 O’Clock Capital, 640 Oxford Ventures, Digital Finance Group, Spark Digital Capital, Reimagined Ventures, and 840 Venture Partners. To date, Mintable has seen immense growth in the past year, with approximately 700,000 items now minted on its platform.

ABOUT MINTABLE
Mintable is a next-generation non-fungible token (NFT) marketplace built on the blockchain. Launched in 2018, Mintable has pushed the NFT industry forward by being the first to design gasless minting, batch minting and royalties, empowering artists and creators to monetize their work via NFTs. Mintable’s gas-free minting option allows the everyday person to get involved with NFTs without any prior knowledge in coding or upfront cost of minting an asset — a great way for everyone to get into crypto.

RESOURCES
Medium