{"id":45359,"date":"2021-07-01T17:15:07","date_gmt":"2021-07-01T14:15:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45359"},"modified":"2025-09-01T10:43:20","modified_gmt":"2025-09-01T07:43:20","slug":"nft-marketplace-with-mark-cuban-investments-raises-13-million","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nft-marketplace-with-mark-cuban-investments-raises-13-million\/","title":{"rendered":"NFT marketplace with Mark Cuban investments raises $13 million"},"content":{"rendered":"<p><span data-descr=\"non-fungible tokens\" class=\"old_tooltip\">NFT<\/span>-marketplace Mintable raised $13 million in a Series A financing round. The platform was backed by Ripple, Animoca Brands, Expedia Group, former Bill Clinton adviser Dag Bend, Shutterstock founder John Oringer, and other investors.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Happy to announce the close of our Series A round. <br \/>Thank you to all our investors for their belief in our mission to make <a href=\"https:\/\/twitter.com\/hashtag\/NFTs?src=hash&#038;ref_src=twsrc%5Etfw\">#NFTs<\/a> accessible to everyone. <\/p>\n<p>Full press release: <a href=\"https:\/\/t.co\/FrwDzKXsDr\">https:\/\/t.co\/FrwDzKXsDr<\/a><\/p>\n<p>\u2014 Mintable (@mintable_app) <a href=\"https:\/\/twitter.com\/mintable_app\/status\/1410572645528006657?ref_src=twsrc%5Etfw\">July 1, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Founder and CEO Zak Burks told The Block that there was no lead investor in the round \u2014 all participants contributed equal sums of money.<\/p>\n<p>Following Series A, total funding for the NFT marketplace reached $15.5 million. In March the platform closed a seed round of $2.5 million. At the time it was backed by Time Ventures, Ashton Kutcher&#8217;s Sound Ventures, and billionaire Mark Cuban.<\/p>\n<p>The funds will be used to scale operations, sustain growth and marketing efforts, and expand the company\u2019s headcount. The company currently employs 14 people and aims to hire a further 21 by the end of the year.<\/p>\n<p>According to Burks, the platform aims to reach the mass market. Most of its users are cryptocurrency holders, but Mintable plans to simplify the process of buying NFTs.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe see ourselves first and foremost as an e-commerce marketplace, and second as an NFT platform,\u201d Burks said.<\/p>\n<\/blockquote>\n<p>Mintable reports that since 2018 the marketplace has minted about 700,000 NFTs. The founder valued the average price of these tokens at between $10,000 and $50,000. Several NFTs have sold for as much as $500,000, and one fetched $2 million.<\/p>\n<p>Earlier in June, <a href=\"https:\/\/u1f987.com\/en\/news\/nft-marketplace-rarible-raises-14-2-million-to-build-an-open-source-network-protocol\">NFT marketplace Rarible closed a $14.2 million funding round<\/a>. The investments will go toward developing an open-source network protocol that will help users create their own projects.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NFT marketplace Mintable raised $13 million in a Series A financing round. The platform was backed by Ripple, Animoca Brands, Expedia Group, former Bill Clinton adviser Dag Bend, Shutterstock founder John Oringer, and other investors.<\/p>\n","protected":false},"author":1,"featured_media":45360,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1213,1133],"class_list":["post-45359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nft","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"42","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=45359"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45359\/revisions"}],"predecessor-version":[{"id":45361,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45359\/revisions\/45361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45360"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}