NFT Infrastructure Provider Rarify Secures $10M Series A Funding

Rarify, which offers infrastructure to help companies add non-fungible tokens (NFT) to their platforms, has closed a $10 million Series A funding round led by crypto investment firm Pantera Capital at a $100 million valuation. Other investors included Eniac Ventures, Greycroft, Hyper and Slow Ventures.

The funding will be used to accelerate hiring and product launches with enterprise partners.

Rarify is intended to offer an application programming interface (API) platform that lets companies create, manage and scale NFT products with a simple integration.

Rarify currently offers commerce API infrastructure for marketplaces and applications to build end-to-end NFT experiences.

The company also provides real-time API access to historical data for NFT assets across multiple blockchains that companies can use when building decentralized finance and marketplace products.

(Source: CoinDesk)