Mintify Secures $3.4 Million in Funding

The NFT startup Mintify has raised $3.4 million in additional funding.

Notable participants in this fundraise include ARCA, Cumberland, Psalion, Master Ventures, Zeneca, GM Capital, Spencer VC, and over 50 angel investors. This round was not part of a structured fundraising.

With this latest round, Mintify’s total funding has reached $5 million. There will be no immediate changes to the company’s board of directors, according to Mintify Founder and CEO Evan Varsamis in a statement to The Block.

Mintify is focused on developing infrastructure for an NFT order book catering to gaming, art, and real-world asset markets. Currently, the platform supports Ethereum, Base, and Blast, with plans for Ordinals and other systems by the year’s end, as stated in a release shared with The Block.

Evan Varsamis commented, “As tokenization accelerates and permissionless capital is on par with or exceeds traditional centralized capital, more web2 experiences will start to merge with decentralized technologies. We refer to this as ’embedded decentralization.’ We believe more services will be a combination of centralized and decentralized architectures. We are excited to be part of the economic boom that will emerge on-chain with partners like Coinbase and Base leading the way.”

In related news, NFT trades generated $96.91 million in volume from July 14 to July 24, according to The Block’s Data Dashboard.