What is MetaStreet?
MetaStreet is developing innovative solutions to enhance liquidity and scalability for platforms that utilize NFT collateral. By focusing on the critical infrastructure needed for NFT-backed financial products, the company aims to unlock new avenues for capital efficiency and market participation in the digital asset space. Their protocol is designed to streamline the complex processes involved in collateralizing NFTs, making them more accessible and functional for a wider range of applications and investors.
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 Republic Realm, Sfermion, Bitscale Capital, CMT Digital, Taureon, Animoca Brands, Kerve Capital, Dragonfly Capital Partners, Ethereal Ventures, Syndicate, QCP Capital, Volt Capital, Nascent Capital Partners, Seed Club Ventures, Alliance, and BigBrainHoldings
Other Financing Round (2022): $11M, investors not publicly disclosed
Unspecified (2022): $10M supported by Mirana Ventures, OpenSea Ventures, Metaversal, Dragonfly Capital Partners, TheLAO, and Focus Labs
Key Investors in MetaStreet
Metaversal
Metaversal, founded in 2021 and headquartered in Miami Beach, Florida, is an innovative holding company that co-produces, curates, and invests in iconic NFT projects. It uniquely combines a venture studio and investment firm focused on NFTs.
Republic Realm
Republic Realm, now known as Everyrealm, is a leader in metaverse innovation and development, offering services and investment opportunities in digital assets and real estate within the metaverse.
CMT Digital
CMT Digital is a global venture capital firm established in 2017, specializing in early-stage investments that promote the adoption of blockchain technology, leveraging its expertise in regulated markets and Web3.
What's next for MetaStreet?
The substantial enterprise-level capital infusion positions MetaStreet for accelerated development and market expansion. This strategic backing is expected to fuel advancements in their liquidity routing technology and further solidify their role in the evolving NFT financial ecosystem. Future growth will likely involve scaling their protocol, forging new partnerships within the DeFi and NFT communities, and potentially exploring new use cases for NFT collateralization.
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