NFT Platform Pinata raises $18 M in Series A Funding

NFT distribution platform Pinata raised $18 million in a Series A funding round co-led by Silicon Valley venture capital firm Greylock Partners and crypto-native investor Pantera. The news was verified by a Pinata spokeswoman. In addition, the company also disclosed a $3.5 million seed round that was completed last year. This seed round was led by Greylock and Offline Ventures.

NFTs are distinctive crypto assets that prove ownership of real-world or digital items such as images, videos, or in-game assets. Pinata provides infrastructure that allows creators to allocate NFTs across marketplaces, metaverses, apps, and blockchains. The platform assists any type of uploadable content from videos to apps, and the integrated content delivery network provides swift and reliable transactions.

Similar: Unstoppable domains raises $65 Million in Series A funding

pinata-series-a-funding
Pinata NFT Platform

Pinata has more than 240,000 users worldwide, up from 104,000 users in January. The company’s Notable partnerships comprise NFT marketplace OpenSea, fantasy sports company DraftKings, Bored Ape Yacht Club developer Yuga Labs, NFT storage provider Protocol Labs, and Autograph.

Greylock partners Mike Duboe in a press release mentioned that today’s NFT activity is focused around static .jpeg files, and they believe this is just the tip of the iceberg for this technology and that the most fascinating applications around NFTs involve richer media. Mike also remarks that Pinata is the most full-featured offering to support creators and marketplaces program more progressive functionality into this media.


Hungry for more information?

NFT Calendar from NFTHi

Check out the Latest NFT News!

For more interesting updates on NFTs, connect with NFTHI on Twitter and Instagram.

Join us on Telegram!


NFTHI does not recommend any kind of Investment in NFTs or NFT trading. All the strategies are merely educational references.

Conduct thorough research before you start with NFTs

Share This Post

Related Posts

Yahoo Announce a Hong Kong-based Metaverse Project 

Yahoo has just launched a metaverse experience in Decentraland...

Terra’s Rescue Plan Fails Shuts Down LUNA

Terra's Plan Fails LUNA in The Mud Well, that was...

Payoneer to deliver its Global Payment service in the Metaverse with Naver Z

Payoneer, a leading online financial services provider, is set...

G7 summit bans imports of Russian gold and makes the case for Bitcoin 

The Group of 7 (G7) countries are making the case for Bitcoin...

The inventions of Thomas Edison are now available as NFTs

An NFT collection by Chamsori Edison will showcase Thomas...
spot_img