Rarify helps companies integrate non-interchangeable tokens into their platforms.

Rarify, which offers an infrastructure to help companies add non-fungible tokens (NFT) to their platforms, has completed a $10 million Series A funding round led by crypto investment company Pantera Capital, at a valuation of $100 million. Other investors included Eniac Ventures, Greycroft, Hyper and Slow Ventures.

RARIFY DEVELOPS NEW NFT INFRASTRUCTURE AND RAISES $10 MILLION💵💵💵

Rarify, the company that creates the NFT infrastructure, has raised $10 million as part of a series of financing from Pantera Capital. She is working on creating scalable NFT APIs for the commercial sector.

OPENSEA CLOSES THE DOORS FOR MANY COUNTRIES AND CAUSES A DEBATE ABOUT DECENTRALIZATION


Representatives of the platform and the large NFT market OpenSea confirmed that they block users based on US sanctions decisions. Iranian users were the first to find out about it. The blocking caused a flurry of criticism from NFT collectors who talk about the decentralization of the cryptospace.

The head of the metaverse development department at Polygon Studios, Brian Trunzo, sees huge opportunities for NFT and metaverses, especially in the field of fashion.
Polygon Studios is a subsidiary of the Polygon project, formerly known as MATIC, specializing in games and NFT. Brian Trunzo told how he sees the future of non-interchangeable tokens. According to him, the development of metaverses is now a priority for the company, and NFTs will become an integral part of them.

Muneb Ali, CEO of Blockstack, spoke about the development of the non-interchangeable tokens (NFT) market. He believes that asset tokenization can be successfully implemented in various industries.
Being a supporter of bitcoin, Muneeb Ali commented on the hype around NFT. On the one hand, he understands critics who consider it absurd to buy JPEG images for millions of dollars. On the other hand, it's not just about the picture, because NFTs prove the status of a participant in the cryptocurrency space and beyond, Ali argues. Many supporters of collectible tokens believe that they increase the value of tokenized original items.

Over the past seven days, the trading volume of NFT has collapsed by 32% to $ 407.3 million, due to a drop in demand for non-interchangeable tokens.

NFT sales fell the most in the most popular blockchain Ethereum (ETH). The turnover of tokens in this network decreased by 35% and amounted to $ 340.9 million. The value of the coins sold, issued in the blockchains of the cryptocurrencies Solana (SOL) and Flow (FLOW), decreased by 12% and 22%, respectively.

SCHOOLBOY EARNED $ 1 MILLION ON THE SALE OF NFT😱

Binyamin Ahmed became interested in programming at the age of five, and quickly mastered a new skill. But he started earning money only last year, when he released the first collection of NFT with images of whales.

Australian NFT startup Immutable has raised $200 million in a Series C funding round led by Singapore-based firm Temasek.

BRAVE BROWSER WILL DISTRIBUTE NFT BORED APE YACHT CLUB


The Brave browser introduces the Brave Wallet crypto wallet into its functionality, which will work both on phones and computers. In honor of this event, representatives of the browser are distributing cryptoprizes worth almost half a million dollars, including the Bored Ape Yacht Club NFT worth 80 ETH.

EBAY ENTERS THE NFT SPACE

eBay is a popular global company engaged in online sales. At one time, it became a pioneer in this direction, since then it has remained a competing link among equally popular online sales companies.