The NFT marketplace previously had the support of Crypto.com, Mark Cuban, and Ashton Kutchers Sound Ventures
The non-fungible token (NFT) marketplace Mintable announced yesterday that it has raised $ 13 million in a Series A funding round. New investors include Ripple, Metapurse, Digital Finance Group, former Bill Clinton advisor Doug Band and Animoca Brands – who in turn increased their capital increase to $ 139 million yesterday.
Mining NFTs on Mintable doesn’t require any upfront cost or knowledge of coding, which makes NFTs accessible to the average person. Mintable was the first platform to introduce gasless minting as well as royalty and batch minting.
Earlier this year, the NFT marketplace received the support of other well-known investors, including Crypto.com, TIME Ventures, Marc Cuban, and Ashton Kutchers Sound Ventures.
Mintable founder and CEO Zach Burks commented: “During 2021, NFTs have achieved mass appeal, touching almost every sector that includes entertainment, visual arts, sports, and many more. As technology matures and the field continues to evolve, this is an important corporate milestone for Mintable and we are grateful for the support of our investors who share the same shared belief in the many opportunities that NFTs can offer to mainstream users. “
Mintable has also partnered with Ripple and will be integrated into the XRP Ledger (XRPL). As a carbon neutral network with energy consumption of only 790,000 kWh per year and transaction fees of only $ 0.0004, XRPL provides an affordable and sustainable environment for users to interact with NFTs.
RippleX’s GM Monica Long added, “NFTs lead to powerful new business models for creatives. Accelerating the growth of this creator economy begins with infrastructure that removes the barriers to entry – such as high gas charges and environmental costs of creating NFTs – that many face today. Our investment in Mintable is testament to our shared vision for cost-effective and sustainable NFTs to enable profitability for creators and universal access to crypto.”
Over 700,000 assets have been minted through Mintable to date, including NFTs for a CNBC charity auction and trading cards for quarterback Trevor Lawrence. The $ 13 million will help fund growth initiatives and user acquisition, as well as new products to help drive mass adoption of NFTs.