NFT marketplace MakersPlace raises $30 million from Pantera Capital and other investors

The non-fungible token (NFT) marketplace MakersPlace closed a Series A funding round of $30 million. It was led by Bessemer Venture Partners and Pantera Capital.

The round also included participation from Uncork Capital, Draper Dragon Digital Assets, 9Yards Capital, Coinbase Ventures, Sony Music Entertainment, and others.

The funds will be used to expand the team, attract new artists, and accelerate international expansion.

The platform was founded in 2018 by former Pinterest employees Danny Chu and Yash Nelapati, along with ecommerce executive Rema Ito.

According to the company, sales volume on MakersPlace exceeded $100 million in the last year.

Earlier in July, the NFT marketplace OpenSea raised $100 million at a $1.5 billion valuation.

Earlier, the venture fund of the Bitcoin exchange Coinbase backed Animoca Brands, the NFT game developer, in a funding round of $50 million.

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