NFT Site Rarible to Launch Marketplace on Flow Blockchain Following $14.2M Funding Round

Non-fungible token (NFT) market Rarible has raised recent capital to rent new workers and launch a further market on the Circulation blockchain, house to Dapper Labs’ smash hit, NBA High Shot.

Enterprise capital agency Venrock, which was began in 1969 by Laurance Rockefeller, grandson of industrialist John D. Rockefeller, and blockchain enterprise agency CoinFund led the $14.2 million Collection A spherical of funding, the agency stated Wednesday. Enterprise agency 01 Advisors additionally participated within the funding spherical.

“Rarible is set to pioneer the following wave,” CEO Alexei Falin stated.

Ethereum-based Rarible stated its platform has clocked over $150 million in digital collectible gross sales, capturing most of that throughout the starting of this yr’s NFT fervor.