• Metaplex raises $46 million in the most recent token sale

  • Metaplex, an open-source NFT system, has raised an eye-watering $46 million in its second token sale, with plans to utilize the cash to fund a diversification into NFT games and metaverse applications.

    Multicoin Capital and Jump Crypto co-led the fundraising, with additional assistance from Solana Ventures, Alameda Research, and Animoca Brands, as well as a slew of individual investors including NBA luminaries Michael Jordan and Allen Iverson.

    Metaplex will use the funding to further its gaming and metaverse endeavors in the future by developing a fleet of applications that will fit nicely into its game plan. With NFTs intrinsically tied to the destinies of both mediums, the expansion follows an organic evolution for the astute protocol, positioning it for a year of tremendous growth.

    Metaplex’s NFT marketplace first appeared on the Solana network in June, with a little help from the FTX exchange. Since then, reports show that it has facilitated the construction of over 5.7 million NFTs, corresponding to an astounding 85k projects, demonstrating a fine tactical nous that will allow it compete with the major guns.

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