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NFT protocol Metaplex raises $46M to expand gaming and metaverse applications -Breaking

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Nonfungible token (NFT) protocol Metaplex has concluded a $46 million investment round to support its strategic pivot into metaverse applications — offering further evidence that existing blockchain networks were looking to capitalize on advances in Web3 technology.

Venture firms Multicoin Capital, Jump Crypto and Ventures participated in the investment round. Ventures, Alameda Research, and Animoca Brands also contributed. The raise attracted over 90 investors, including NBA stars Allen Iverson and Michael Jordan.