DeFine, a socially-oriented nonfungible token platform, has raised $5 million in strategic investments as part of a wider effort to onboard more companies to the NFT world.
The raise was led by Huobi Ventures, eSports entertainment company Abyss, and global game developer PearlAbyss, the company announced Tuesday. Several Asian blockchain funds also participated, including Draper Dragon, NGC Ventures, and SevenX Ventures.
“It is my pleasure to have these major gaming and entertainment companies in Asia as strategic investors” said Myoung Hoon Kang, DeFine’s global operations lead. “Strategic investment and partnership will allow us to jointly develop new market opportunities in various sectors.”
As part of their strategic investment, investors will receive direct support from DeFine in connecting to the NFT market. The company has a lofty goal of becoming the largest NFT ecosystem in Asia. One of its core objectives is to bring NFTs to mainstream audiences, beginning with