London-based NFT platform Fair.xyz has secured $4.5m (3.7m) in new funding led by Eden Block, with participation from OpenSea, NFX, and Firstminute Capital.
The company was founded by engineers from Instagram, Facebook, and Goldman Sachs and aims to provide an NFT platform for creators to launch collections of digital art.
There are loads of no-code solutions out there that help but with only creating one- or two-piece collections,” said company co-founder Bentata Chocron in an interview with The Block.
Chocron said that for those wanting to launch a collection at scale, “it’s a very elaborate process that can take weeks for an experienced team.”
However, the company claims its smart queueing technology can launch NFT collections in minutes.
Fair.xyz previously helped launch an NFT collection backed by the Ukrainian government as an emergency endeavour to raise funds in support of the efforts to repel the invading Russian military.
“NFTs will play a significant role in bringing the...
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