FinTechFunding

MetaLend: Raises US$5M in Seed Funding

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
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Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

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