The funding round of Mintable included other prominent NFT platforms and names such as Ripple, Animoca Brands, Metapurse, Doug Band, and Jon Oringer. With a significant acquisition of US$ 13 million, Mintable plans to amplify their operative services are seeking expansion in their NFT trading business.
With rising crypto trade in the country, mintable also plans to seek better NFT trading opportunities and has been seeking new ways through which they can scale and boost crypto activities in a structured manner.
CEO of Mintable Plans to Boost NFT Operations through Acquisition Initiatives
Zach Burks as CEO and founder of Mintable has stated their agenda to scale NFT transactions in the region. He further acknowledged the reason behind this move was the growing popularity of NFT and as mintable has acquired an essential position in various industries such as culture, entertainment, and sports, it was the time for the company to include technology as an active sphere to work and explore with.
Burks also declared his intention to scale mintable operations with considerable care and utilize the power of NFT to dominate the crypto proceedings.
The table A conference was also attended by other NFT contenders such as Expedia, Double Peak, 7 O’Clock, Capital, 640 Oxford Ventures, Spark Digital, etc. to name a few. Amongst all significant candidates, Mintable was able to secure the funding and emerge as a powerful brand in the sector of crypto technology.
Mintable to Produce More NFT Products to Enhance User Interaction
Michael Kam,partner at Double Peak Group, remarked on how this investment marks a strategic move to make NFT more accessible to mainstream users and audiences to secure regular interaction and transactions. Mintable will be targeting users after providing seamless NFT solutions and become a pioneer in the respective field.
Throughout 2021, Mintable was backed by major investors such as American venture capitalist Mark Cuban, Ashton Kutcher’s Sound Ventures, Marc Benioff’s TIME Ventures, Crypto.com, LongHash Ventures, and Guy Oseary.
Located in Singapore, mintable proposes to exercise NFT proceedings and accelerate its transactional process to be more streamlined and become more user-friendly. Mintable has become the first NFT platform to introduce gas-free minting to create its own NFTs. Along with that, Mintable also comprises a wide spectrum of activities and participation with leading industries and brands spanning digital art, music, collectibles, and game items. The company is now planning to invest In NFT and unlock its digital potential.