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Ripple Takes Part in $13 Million Series A Funding for NFT Product: Details

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Mintable, a new-gen marketplace for non-fungible tokens, has raised $13 million in Series A round

Mintable, a platform designed for creating and trading of non-fungible tokens, is among the pioneers of NFT segment. It started operations in 2018 and drew the attention of VC majors to the digital collectibles sphere.

Ripple took part in Mintable’s Series A funding

According to the official announcement by Mintable, its Series A funding round has concluded successfully with notable oversubscription. A total of $13,000,000 was raised from top blockchain-focused VCs.

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The Ripple digital payments giant was one of the most notable contributors to the round. Also, Animoca Brands, and first-ever NFT-oriented fund Metapurse by Metakovan supported Mintable with their investments.

Ex-Bill Clinton’s advisor Doug Band and Shutterstock’s founder Jon Oringer participated in the Series A round as individual investors. Expedia Group, Double Peak, 7 O’Clock Capital, 640 Oxford Ventures, Digital Finance Group, Spark Digital Capital, Reimagined Ventures, and 840 Venture Partners also took a part in this monstrous raise.

Zach Burks, CEO and Founder of Mintable, claimed that this success is a sign of increased maturity of the non-fungible tokens’ market:

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As the technology continues to mature and the space rapidly evolves, this is a critical company milestone for Mintable and we are thankful for the support from our investors who hold the same shared belief of the many opportunities that NFTs can bring among mainstream users

New prospects for NFT segment

As of early Q3, 2021, more than 700,000 items were minted by the Mintable platform. Funds raised will be spent to advance the process of product development and bootstrap new initiatives of existing clients.

Mintable pioneered the concept of gas-free NFT minting which allows authors to create digital collectibles at negligible cost. As a result, its business model is one of the most ‘author-friendly’ ones in the whole segment.

In 2021, Mintable received funds from Mark Cuban, Guy Oseary and Ashton Kutcher’s Sound Ventures, Marc Benioff’s TIME Ventures, Crypto.com, LongHash Ventures and others.

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Reddit Working on NFT Platform

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The Reddit message board is getting into the NFT market, a new job posting suggests

Online message board Reddit is preparing to develop a platform for non-fungible tokens, according to a new job posting.

The San Francisco-headquartered company is looking for a senior backend engineer who will be responsible for building services that will make it possible for “millions” of users to mint and trade NFTs.

The job description highlights the importance of NFTs, predicting that they are going to “rewrite” the way we think about goods. It highlights a slew of use cases that are linked to the new technology:

Beyond visual art, there are already NFTs for music, videos, articles, and even memes. Many believe that NFTs will become the standard for items in online games, as well as items in the eventual metaverse.

Five years of experience in backend development and the ability to design complex distributed systems are the key qualifications required for the position.

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Reddit co-founder Alexis Ohanian is a big fan of Ethereum and NFTs. At the MET Fashion Gala, he even wore a CryptoPunk NFT that he purchased for his wife, Serena Williams.

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Playboy Releases Ethereum-Based Rabbitars NFTs, Presale Begins in 2 Days

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Playboy has created Ethereum-based Rabbitars NFTs as ERC-721 tokens. The project’s website describes Playboy Rabbitars as a “lagomorphic-themed civilization of unique and non-fungible rabbits.” There are 11,953 of them, inspired by Playboy iconography, heritage and lore.

The news was shared by Chinese crypto journalist and blogger Colin Wu. He posted a screenshot from the project’s website, featuring some of the Playboy Rabbitars.

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The sale will begin in two days at a mint price of 0.1953 ETH ($803). The website explains that in order to become an owner of such an NFT, a user needs to set up a Metamask wallet. However, NFTs will be available for sale both for fiat and crypto.

Those who want to pay in ETH need to load up their wallet at least two days before the sale starts. Presale for ETH will begin on Oct. 24. The public sale for U.S. dollars will start on Oct. 26, and the next day, users will be able to buy Rabbitars for ETH.

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Source: playboyrabbitars

It is possible to order 1-2 NFTs during the presale. At a public sale, one user is allowed to buy up to ten Rabbitars.

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Mars Land NFTs Released on Ethereum, MARS4 Tokens Listed on Bittrex, Sushiswap

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Here’s how land plot on Mars can be obtained in a new-gen manner through NFT marketplace

Shortly after the release of an eccentric NFT-focused metaverse, the Mars Land project sees its core native utility asset, MARS4, listed by Tier 1 centralized exchange Bittrex and leading DEX SushiSwap (SUSHI).

Here’s how NFT instruments allow crypto enthusiasts to purchase land on Mars

The Mars4 team behind Mars Land, a novel digital collectibles project, has modeled a 3D map of Mars’ terrain based on the latest NASA data. The total area of Mars’ terrain is divided into 99,888 tokenized plots.

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Then, the NFTs associated with segments of Mars Land are available for sale as non-fungible tokens. Mars Land NFTs are minted on Ethereum (ETH) blockchain and can be utilized in various digital economic initiatives.

Namely, Mars NFTs can be locked for staking and utilized for liquidity mining; therefore, Mars Land NFTs evolved into a full-stack instrument of passive income for cryptocurrency enthusiasts with various levels of expertise.

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Mars Land NFTs are released in batches; 10,000 tokens are listed per epoch. Starting from Epoch 1, 51% of the income generated is redistributed among current NFT holders. By mid-October, there are more than 50,000 NFTs in circulation.

MARS4 listed on CEXes and DEXes: Why is this crucial?

Mars Land adheres to a dual tokenomic design: its architecture includes NFTs and MARS4 dollars. In total, there are four billion MARS4 tokens in circulation.

MARS4 tokens are now available on Bittrex, a veteran centralized cryptocurrency trading ecosystem. Bittrex offers the widest range of assets amidst all CEXes working in the United States.

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Also, MARS4 tokens can be purchased on leading Ethereum-based decentralized exchange, SushiSwap (SUSHI). On SushiSwap (SUSHI), MARS4 tokens can be staked as well.

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