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NFT rental protocol reNFT Announced that it has raised $ 5 million in an investment round jointly led by Mechanism and gumi Cryptos Capital (gCC).
The round featured large-scale participation from strategic investment partners who can add value. reNFT company and representative game guild Millions of gamers around the world.. With this assumption in mind, we’ve seen other contributions from Gemini, The Sandbox, OpenSea, Sfermion, Morningstar Ventures, EveryRealm, OP Crypto, Fourth Revolution Capital, Metastreet and more.
The funds will be used primarily by reNFT to accelerate the onboarding of talent, gain integration across multiple blockchains and expand the product suite. Overall, such efforts have a fundamental focus on the blockchain gaming sector. Entertainment in this area is leading the way in creating large-scale global adoption of NFTs.
In addition, many mainstream NFT marketplaces are set to arrive in the coming quarters, reNFT uses financial support and a talent pool for users to rent, lend, and use. GameFi automation For your own market or ecosystem. Ultimately, such a solution allows users to monetize their assets in a convenient and secure way.
Not only this round, but last year’s $ 1.5 million investment round, the launch of the reNFT platform v2, and all the other initiatives that supported the project laid the foundation for creating a seamless NFT rental solution. .. Nick Vale, co-founder of the company, said:
“Since its inception last year, we’re thrilled to see how our vision resonates with the market. Automated and unreliable digital assets such as NFTs to unleash a new level of economic activity in the Web3 landscape. Unsecured rentals are in great need. “
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* All investment / financial opinions expressed by NFT Plaza are from the site moderator’s personal research and experience and are intended as educational material only. Individuals need to thoroughly investigate every product before making any kind of investment.
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