NFT liquidity provider MetaStreet completes $10 million funding, with participation from Dragonfly and OpenSea

2022-10-14 00:03:04

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ChainCatcher news, NFT debt and financing company MetaStreet has completed a $10 million funding round, with investors including DragonFly Capital, Nascent, and Ethereum Ventures, who have previously funded MetaStreet. New investors also participated, such as Fintech Collective, DCG, TheLAO, Focus Labs, Mirana Ventures, Metaversal, OpenSea Ventures, Ledgerprime, Meta4, and Flying Falcon. The company will use the funds to create trust, credit, and ownership products to facilitate debt and establish a debt infrastructure for the NFT industry.

Founded in 2021, MetaStreet provides liquidity and scalable infrastructure for NFT collateral platforms. The company aims to enhance the debt system in the NFT industry by offering automated underwriting, waterfall mitigation, and other tools.

In February of this year, MetaStreet completed a $14 million funding round, led by Dragonfly Capital. With this round, MetaStreet's total funding now stands at $24 million. (source link)

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