Mintable platform raises $13M, will integrate 'carbon neutral' NFTs on XRP Ledger
Ripple's XRP Ledger blockchain is planned by the NFT marketplace.
The Mintable Non-Fungible Tocen (NFT) minting platform has been over-subscribed and $13 million has been placed on the market.
The Singapore-based startup financing round A includes several major investors such as Ripple, Animoca Brands, mobile and free-for-all game producer, and Metapurse, the largest NFT investment fund in the world.
Ripple has announced that Mintable aims to integrate XRP Ledger (XRPL), its own blockchain that already boasts it is carbon neutral and "perfectly suited for a smooth NFT experience."
"She will be able to mine, buy and transfer milliards of NFTs on the XRPL in a sustainable fashion using her ecologically beneficial qualities."
Mintable, which now is an Ethereum based platform, is one of several crypto-related ventures inside the expanding portfolio of Dallas Mavericks owner Mark Cuban. In March prior, the wealthy investor was involved in Mintable's initial round of $2.5 million.
In 2018, the platform introduced over more than 700,000 products, allowing for a widening inventory of unique things including digital art, music, collectible and gaming items. The platform is now available.
Mintable has sold and auctioned works by different Grammy award winning musicians and leading artists, famous people and sport professional people and created an unusual gas-free minting function that enables users to produce their NFTs at no cost to the network.
Mintable said on 1 July that its money will be used to focus on increasing businesses and strengthening its activities in terms of growth and user procurement.
RippleX's General Manager, Monica Long, said she invested in Mintable because of a common goal for cost-effective and sustainable NFTs.
"An infrastructure that reduces obstacles to entry, such as expensive gas charges and environmental costs of manufacturing NFTs, is starting to accelerate expansion of this developing sector."
Relating: New innovation enables NFTs with 'presence test' minting of crypto-users.
In late April Trevor Lawrence sold a $400 000 NFT cash collection to the NFL Jacksonville Jaguars quarterback platform. An auction on the Mintable platform was held in March of an NFT which was 50 percent of the portion of a St Louis house.
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Mintable platform raises $13M, will integrate 'carbon neutral' NFTs on XRP Ledger
Mintable platform raises $13M, will integrate 'carbon impartial' NFTs on XRP ... to integrate the agency's personal blockchain, XRP Ledger (XRPL) ... gas-free minting function that enables customers to create their NFTs with ...
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