Berlin-based non-fungible token (NFT) platform Mintbase has closed a $1 million seed funding round.
The round, led by Chinese venture capital firm Sino Global and with participation from D1 Ventures, Block Oracle Capital, Arweave and angel investors, is meant to help Mintbase stand out from a growing pack of NFT platforms.
“Being a marketplace is really an afterthought,” Mintbase CEO Nate Geier said in an interview. “The goal was to build the best minter out there, and we did that.”
The new funding allows the team to actively hire developers and designers to prepare for a testnet launch on NEAR before the end of this year. Geier also hinted that a governance token may be in the works.
What differentiates Mintbase from similar NFT marketplaces such as SuperRare, Rarible or OpenSea, Geier says, is the lack of focus on one specific category of NFT.
“They get more publicity and we get more usage,”