In Brief:
- Pawnfi.com (Pawnfi) raised $3 million in a strategic funding round to launch the first liquidity protocol.
- The investment round was led by Digital Currency Group (DCG).
- Pawnfi.com aims to offer asset holders with diverse cash flow and maximize asset efficiency.
The brand-new lending and leasing market, Pawnfi.com, raised $3M in a strategic funding round.
According to the firm’s blog post, Digital Currency Group (DCG) led the funding round.
The other investors included Animoca Brands, Dapper Labs, Polygon, DeFi Alliance, Hashkey Capital, Everest Venture Group, SNZ, and 6Block.
Pawnfi Founder and CEO Wesley Kayne stated, “We will keep our edge in the scale of assets that Pawnfi covers and continue to put forward innovative functions.”
Pawnfi.com appraises, liquidates, and suggests uses for non-standard assets (NSAs). Non-fungible tokens (NFTs), liquidity provider tokens (LP tokens), tokenized rights, minor crypto-currencies, and bundled assets are all supported NSAs.
Pawnfi.com aims to offer asset holders diverse cash flow and maximize asset efficiency.
The marketplace employs a smart contract escrow system to enable customers to obtain loans using their NFTs as collateral, as well as appraisal and liquidation services.
Recently Forte, a blockchain gaming startup, raised $725 million in a Series B funding round. The round was co-led by Sea Capital and Kora Management, along with other investors.
