TechFlow News — NFT lending platform NiftyApes has raised $4.2 million in seed funding, led by Variant and FinTech Collective. Other participants include Robot Ventures, Polygon, Coinbase Ventures, The LAO, FlamingoDAO, Ryan Sean Adams, David Hoffman, Eric Conner, Anthony Sassano, Cyrus Younessi, DC Investor, James Young, James Duncan, Nadav Hollander, and Brendan Forster.
NiftyApes will use the funds to grow its team and scale the company. The firm aims to build a secondary debt economy for NFTs, moving away from predatory lending practices that benefit the wealthy in web2 environments. NiftyApes plans to achieve this by fostering market competition and enabling automated refinancing of NFT loans. Read more




