MetaLend Raises US$5M in Seed Funding
- MetaLend, a Santa Monica, CA-based provider of a bank for digital economy, raised US$5M in Seed funding
- The round was led by Pantera Capital, with participation from Sky Mavis, Ancient8, and David Cho
- The company intends to use the funds to accelerate growth, expand operations and product development, bring on talent across all functions
- The company is the bank of the new digital economy—currently enabling users in the GameFi sector to take out loans by using their NFTs as collatera
- The company protocol enables traders to use NFTs as collateral to take out loans, starting with a focus on the GameFi sector
