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NFT Trading Platform NIFTEX Closed $500K funding, led by 1kx

Mary Liu

Summary: Singapore-based NFT token trading platform NIFTEX announced the completion of a $500K fund round. The famous VC 1kx led the investment, CoinFund, MetaCartel Ventures and Digital Currency Group participated.  The platform allows users to use NIFTEX to create and trade ERC20 NFT Fractions. Joel Hubert, co-founder and CEO of NIFTEX,  said that the company released the ...

Singapore-based NFT token trading platform NIFTEX announced the completion of a $500K fund round. The famous VC 1kx led the investment, CoinFund, MetaCartel Ventures and Digital Currency Group participated. 

The platform allows users to use NIFTEX to create and trade ERC20 NFT Fractions. Joel Hubert, co-founder and CEO of NIFTEX,  said that the company released the Alpha version five months ago, with total revenue of more than $2 million. Hubert also hinted at the design and construction of the second version of the platform and the transition to a fully decentralized NIFTEX (which may include government tokens) in early 2021.

By Mary Liu

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