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NFT-collateralized Loan Platform Arcade Raises $15M in Series A Financing
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blockchain.newsFocusing on using NFT as loan collateral, Arcade raised US$15 million in Series A financing which was led by Pantera Capital, Castle Island Ventures, and Franklin Templeton Blockchain Fund.
The purpose of Series A financing is to incentivize the participation of institutional investors to support the NFT field.
Arcade is a platform that supports NFT as collateral for lending, which connects borrowers and lenders to liquidize idle assets, thereby achieving a wide range of practicality and ERC20 tokens-tokens that designed and used solely on the Ethereum platform and followed a list of standards so that they can be shared, exchanged for other tokens, or transferred to a crypto-wallet fully compatible.
Other investors include Golden Tree Asset
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