NFT market platform FirstMate completes $3.75 million funding, led by Dragonfly Capital

ChainCatcher news, according to The Block, NFT creator-focused digital storefront startup FirstMate has completed a $3.75 million funding round, led by Dragonfly Capital. Coinbase Ventures and NextView also participated.

FirstMate has simultaneously launched a beta version of its marketplace website building tool and has partnered with another startup in the NFT space, Manifold. FirstMate focuses on creators rather than marketplaces, allowing artists to consolidate all their works on one platform, regardless of where those works were created, and giving them full control over royalties.

Founded in 2022 by former employees of Instagram and Walmart, FirstMate has launched marketplace platforms for companies such as Bankless, Gmoney's 9dcc, FELT Zine, and Sound.xyz. Its marketplace platform currently supports over a thousand collections, covering everything from generative art to luxury apparel.