Express

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

Last Update:

Tags: ,,,,,
Link: NFT Trading Platform NIFTEX Closed $500K funding, led by 1kx   [Copy]
Next:

Related Articles

  • BTC Weekly Watch: Is the Rebound "Feast" Nearing Its End? 8 days ago
  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 15 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 19 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 21 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 26 days ago

    • You need to login to comment.