What is MetaStreet?
Founded in 2021 and based in Boston, Massachusetts, MetaStreet operates as a liquidity routing and scaling protocol specifically designed for NFT collateralization platforms. The company aims to enhance the efficiency and accessibility of capital within the burgeoning NFT ecosystem, providing essential infrastructure for decentralized finance applications.
How much funding has MetaStreet raised?
MetaStreet has raised a total of $24M across 3 funding rounds:
Multiple Rounds
$24M
Angel/Seed (2022): $3M with participation from Taureon, Animoca Brands, Kerve Capital, Sfermion, Bitscale Capital, Ethereal Ventures, Dragonfly Capital Partners, Nascent Capital Partners, Volt Capital, CMT Digital, QCP Capital, Syndicate, Alliance, BigBrainHoldings, Seed Club Ventures, and Republic Realm
Other Financing Round (2022): $11M, investors not publicly disclosed
Unspecified (2022): $10M supported by Dragonfly Capital Partners, Metaversal, Focus Labs, OpenSea Ventures, Mirana Ventures, and TheLAO
Key Investors in MetaStreet
Taureon
Taureon, a company with a diverse portfolio including advanced wound care and surgical specialties, also participates in the digital asset space, indicating a broad investment strategy.
Animoca Brands
Animoca Brands is a prominent Hong Kong-based company known for its focus on blockchain gaming and NFTs, suggesting a strategic interest in MetaStreet's protocol for NFT collateralization.
Kerve Capital
Kerve Capital operates within the Investment Banking industry, likely providing strategic financial guidance and capital to support MetaStreet's growth initiatives.
What's next for MetaStreet?
With the recent infusion of capital, MetaStreet is poised for significant growth and innovation. The strategic backing suggests a focus on expanding its protocol's capabilities, forging new partnerships within the DeFi and NFT space, and potentially exploring new market opportunities. This funding will likely accelerate the development of its liquidity routing solutions, further solidifying its position as a key player in the NFT collateralization landscape.
See full MetaStreet company page
