Artfi Raises $3.26M For Its NFT Platform; Hashgreed Raises $1M For NFT Expansion

Ayush Pande
26.07.2022

Artfi revealed on July 26 that it successfully raised $3.26M at a $100M valuation to create its NFT marketplace in a private funding round. Meanwhile, Africa's first NFT marketplace, Hashgreed’s parent company, Vinekross, raised 1M for SEC registration and expansion.

Artfi’s Physical And Digital Museums

Artfi’s upcoming NFT marketplace raised $3.26M thanks to contributions from Sheikha Hend Al Qassemi, Raza Beig, and other angel investors. 

Powered by Polygon, Artfi wishes to bring the fine arts community to the blockchain and metaverse by challenging the conventional ways of trading art. The platform was created to democratize the art market by allowing investors and enthusiasts to invest in blue chip NFTs. 

Artfi claims that it will display the physical artwork owned by the Artfi community in a real-life museum at the Artfi Foundation. The community-owned art pieces will be installed immediately and will not be available for sale. Artfi’s physical museum is aimed at preserving the fine art NFTs of its community.

Furthermore, Artfi claims it will release its first NFT collection in August, with plans to develop a metaverse museum where minted NFT collections will always be accessible. Currently, the marketplace allows users to sign up for early access by joining a waitlist.  

Hashgreed: Multipurpose Dapp Platform 

Nigerian NFT platform Hashgreed raised over $1M in funding for SEC registration and NFT and asset tokenization expansion in Africa. 

Hashgreed is a platform that allows users to buy, sell, mint and auction their NFTs on its marketplace. Hashgreed also supports a Loan Dapp, which enables users to borrow crypto loans to grow their businesses.

Currently, the platform operates on the Waves blockchain and will soon move over to Kross blockchain. Lastly, Hashgreed has its own native coin, $HASH, with plans to release stablecoins of popular African currencies shortly.

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