- Hashed joined other investors in a successful seed funding round for NFTBank.
- NFTBank is an NFT portfolio management platform by Contxts.io.
- The seed funding round raised over $1.4 million.
Hashed was joined by other investors like Digital Currency Group and 1kx in the funding round. However, the investment firm is a notably early investor that has previously invested in several blockchain projects. Some projects Hashed has invested in include Kakao’s Klaytn, Line’s LINK, and some blockchain projects by Asian tech giants.
Speaking on NFTBank, Ethan Kim, Hashed co-founder and partner noted,
The disruptive power of NFTs will allow digital artworks and collectibles to become more than a mere part of a collection. The meeting of NFTs and the metaverse meet will create greater added value. I expect NFTBank’s strong data analytics to serve as a good indicator for crypto natives to calculate appropriate pricing of NFTs.
In fact, NFTBank aims to help non-fungible token (NFT) holders overcome the illiquid nature of NFTs. The project will achieve this by providing a central management base for scattered NFTs on different platforms. This is particularly critical as NFTBanks supports all NFTs on Ethereum and Polygon networks.
As a result, the NFT management platform will help users better manage their liquidity risk. Not only that, users will also be able to use the platform to buy, sell, and manage their NFTs more efficiently.
NFTBank will offer asset management for projects like The Sandbox, Axie Infinity, and League of Kingdoms. Also, the project will integrate Klaytn, Flow, and ImmutableX to provide real-time NFT valuation along with other NFT-based financial products. Thus, users will be able to value their NFTs in real-time.