Animoca Brands invests in NFTfi, the P2P marketplace for NFT collateralized loans
26 February 2021 - Animoca Brands is pleased to announce that it has participated as a strategic investor in a fundraising round for NFTfi Genesis Limited (“NFTfi”).
NFTfi is a peer-to-peer marketplace for non-fungible token (NFT) collateralized loans, allowing users to lend or borrow wrapped Ether (wETH) or DAI while using NFT assets as collateral. NFTfi has facilitated more than US$1.5 million dollars in loans since its public beta launch in June.
In the current round, NFTfi raised a total of US$890,000 from top VC firms with deep experience in the NFT and decentralized finance (DeFi) space, including Coinfund, 1KX, Collab+Currency, Maven 11, and The LAO. Other investors included Animoca Brands and some of the leading builders and collectors in the NFT space including Roham Gharegozlou (CEO of Dapper Labs, the creators of NBA Top Shot and CryptoKitties) and Sebastien Borget (COO of The Sandbox game), among others.
NFTfi will use the funding to expand the capabilities of the platform, add support for additional blockchains, including Flow, and fund the development of a governance token to enable community ownership in the platform.
About Animoca Brands
Animoca Brands is a leader in the field of digital entertainment, specializing in blockchain, gamification, and artificial intelligence technologies to develop and publish a broad portfolio of products including the REVV token and SAND token, games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes, as well as products utilizing popular intellectual properties such as Formula 1®, Marvel, WWE, Garfield, Snoopy, Power Rangers, MotoGP™, Formula E, and Doraemon. Animoca Brands’ portfolio of blockchain investments and partnerships includes Lucid Sight, Dapper Labs (creators of CryptoKitties), WAX, Harmony, and Decentraland. The Company is based in Hong Kong, United States, South Korea, Finland, Argentina, and the Czech Republic. Subsidiaries include The Sandbox, Quidd, Gamee, and nWay. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook or Twitter.