NFT-collateralized loan platform Arcade raises $15M in funding round -Breaking
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Arcade, which is an online platform that lets users use nonfungible tokens to secure loans, raised $15M in Series A financing with Pantera Capital.
Arcade will announce Wednesday’s announcement Pantera, Castle Island Ventures and Franklin Templeton Blockchain Fund were involved in the investment. Angel investors BlockFi CEO Zac Prin and Quantstamp CEO Richard Ma also helped to fund it. NFT-collateralized lendingWith the decentralized financing space. Private release: The platform will be available with $3.3million in total loan volume, secured against total assets of $10,000,000
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