NFT financial protocol Insrt completes $2.2 million funding, led by Hashkey Capital and Infinite Capital

ChainCatcher news, according to The Block, NFT financial protocol Insrt Finance developer Insrt Labs has completed a $2.2 million Pre-Seed funding round, led by Hashkey Capital and Infinite Capital, with participation from Sky9 Capital, Caballeros Capital, and Hamzah Khan, the DeFi head of Polygon.

Lauris Zvirbulis, co-founder and CEO of Insrt Labs, stated that the funding was achieved through a Simple Agreement for Future Tokens (SAFT). Insrt Finance is currently built on Ethereum and plans to support other blockchains in the future. Insrt plans to launch omnichain ShardVaults in the next two months and hopes to collaborate with Polygon. The Insrt token is expected to launch in the third quarter of this year. (The Block)