NFT-secured loan platform Arcade raises $ 15 million in financing round By Cointelegraph
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Arcade, a platform that allows users to use fungal tokens (NFTs) as a loan guarantee, has raised $ 15 million with Pantera Capital’s participation in the Series A financing round.
In a Wednesday announcement, Arcade he said In addition to Pantera, Castle Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Management, Eniac Ventures, Protofund, Probably Nothing Capital and Lemniscap angel investors, BlockFiko CEO Zac Prince and Quantstamp CEO Richard Ma were in the effort to connect. NFT collateral loans with a decentralized financial space. The platform is coming out of a private release, with a total loan volume of $ 3.3 million secured in $ 10 million in assets.
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