Arcade, a platform that allows users to use non-fungible tokens (NFTs) as collateral for loans, has raised $15 million in a Series A funding round with participation from Pantera Capital.
In an announcement on Wednesday, Arcade speak Pantera, Castle Island Ventures, Franklin Templeton Blockchain Fund, Golden Tree Asset Management, Eniac Ventures, Protofund, Maybe Nothing Capital and Lemniscap along with angel investors BlockFi CEO Zac Prince and Quantstamp CEO Richard Ma behind the investment in the connection effort NFT . Mortgage Loan with the decentralized finance space. The platform is also about to launch a private release with a total loan volume of $3.3 million guaranteed on a total of $10 million in assets.
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