An NFT platform for builders and merchants, Byzantion, raised practically $1M to proceed constructing a unified cross-chain NFT expertise via its knowledge infrastructure and market.
Press Release
–
Jul 11, 2022
FAYETTEVILLE, Ark., July 11, 2022 (Newswire.com)
–
Byzantion, a platform offering infrastructure for NFT merchants and builders working with NFT knowledge, at this time introduced the shut of an almost $1 million capital increase.
The pre-seed spherical was led by Hivemind, a thesis-driven crypto fund with a multi-strategy strategy to backing web3 founders. Also taking part in this pre-seed spherical have been KCRise Fund, Backend Capital, and CryptoSlam, a number one NFT knowledge and analytics platform backed by Animoca Brands, Mark Cuban, and Sound Ventures.
“The rise of NFTs over the past year displayed not only a cultural phenomenon but also gave glimpses into the promising future use cases of this protocol and the technology surrounding it,” mentioned co-founder of Byzantion, Joshua Owen. “However, both collectors and developers in the space lack a truly unified cross-chain experience with NFTs. With the capital from this round, we are excited to go out and build an infrastructure and marketplace layer for NFTs that can onboard the next wave of entrants into the space in a more seamless way.”
“We believe users will increasingly interact cross-chain and that chains will be abstracted away with user interfaces, allowing seamless transactions between all digital assets with all digital currencies. To accomplish this, not only does a marketplace need to be built for users but the underlying NFT data and infrastructure needs to be unified. Our cross-chain approach will allow us to serve both NFT traders and developers working with NFT data,” mentioned Daniel Fritsche, co-founder of Byzantion.
“Byzantion tackles two promising fields in web3 at once: NFT infrastructure and the programmability of Bitcoin via STX,” mentioned Jake Greenstein, Partner and Head of Infrastructure at Hivemind Capital. “We have been impressed by both the market traction and product progress made by the Byzantion team within a short period of time. We have confidence in the team’s ability to execute and bring Byzantion to the next level in the upcoming months.”
Preceding this spherical and the rollout of its cross-chain growth, Byzantion constructed the main NFT infrastructure and buying and selling platform on Stacks, a sensible contract layer for Bitcoin. Not solely is Byzantion a market geared towards extremely analytical merchants but additionally an infrastructure platform serving NFT tasks and builders in the area. Byzantion lately started its cross-chain strategy, increasing to the NEAR protocol with NFT developer tooling and buying and selling instruments to comply with.
The proceeds from this spherical will assist Byzantion proceed to increase its NFT platform providing cross-chain to unify the NFT panorama for each merchants and builders.
About Byzantion
Byzantion is an NFT platform for merchants and builders. Byzantion offers a variety of instruments on its person interface that create a unified and full buying and selling platform for prime quantity collectors. Byzantion additionally offers APIs and neighborhood tooling for NFT tasks and builders giving builders a structured supply of reality instantly from the chain constructed particularly for NFTs, enabling them to go to market way more rapidly.
Media Contact
Byzantion: [email protected]
Source: Byzantion Inc
