Rarify receives a $10 million investment from Pantera Capital.

    What is Rarify?

    Rarify is a digital platform that allows you to effortlessly generate, manage, and validate NFT digital assets using an API. A programming interface (API) is a software interface that allows two applications to communicate with one another. You utilise an API every time you use an app like Facebook, send an instant message, or check the weather on your phone.

    For more than eight years, the Rarify team has been a group of engineers focused on developing enhanced API platforms and blockchain technology. They feel that simplification is a driving force behind innovation when it comes. rms, Rarify is a platform that provides infrastructure to assist firms add non-fungible tokens (NFT) to their platforms.

    It has raised $10 million in a Series A fundraising round led by Pantera Capital, valued at $100 million. The funding comes after a 2 million US dollars seed investment from Pareto, Eniac Ventures, Greycroft, Scott Belsky, Protocol Labs, and others to expedite hiring and product launch with business partners, and the company intends to raise the money through investments.

    Rarify appears to be a promising platform, with over 800,000 smart contracts scanned, +5 billion rich transactions indexed, and an average response time of 1 second. Companies can use the company’s real-time API access to historical data for NFT assets across different blockchains to construct decentralised financial and marketplace applications.

    “Opportunity favours the forerunners, and Rarify makes NFT accessible to a wider range of businesses than ever before,” stated Jon Oringer, founder of Pareto and Shutterstock.

    How Rarify works:

    Rarify is the first Rest API platform solution for teams who don’t want to spend months implementing blockchain technology or stitching together different systems.

    • Building from scratch:
      Enables a quick start so that you can spend less time on infrastructure and more time building.
    • Integrating with existing solutions:
      Make things easier for yourself by using their API’s to supercharge and extend what you’ve already built, or add entirely new components to fill in what you’re missing.
    • Blockchain agnostic:
      Bridges between different networks will enable you to easily mint and port tokens onto multiple chains, without worrying about high gas fees.
    • Option for full crypto abstraction.
    • Optimise issuance and management costs.
    • Real-time NFT data from multiple blockchains.

    About Pantera.

    Pantera Capital is a cryptocurrency-focused hedge fund based in the United States. By AUM, it is the world’s largest crypto hedge fund. Dan Morehead launched the company in 2003. It created the first Bitcoin investment fund in the United States in 2013, which is focused exclusively on blockchain technology.

    Pantera Blockchain Fund has a target of $600 million. It provides exposure to all aspects of the bitcoin and blockchain industries. This ensures that the fund will invest in venture capital, early-stage tokens, and liquid tokens, if their is potential and the start-ups are scalable and efficient.

    Their funds provide investors a wide range of options, from illiquid venture capital assets (such as early-stage tokens and multi-stage venture capital equities) to more liquid assets such as bitcoin and other cryptocurrencies.

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