NFT Financialization Platform Bridgesplit Announces $4.25 Million Raise Led by CoinFund and Jump Capital
Summary
Bridgesplit, the first non-fungible token (NFT) financialization platform built on the Solana blockchain, announced a $4.5 million seed round led by CoinFund and Jump Capital. The raise also saw participation from Solana Labs, Coinbase Ventures, and Rucker Park Capital, among others in addition to an impressive roster of angels including Anthony Pompliano, Packy McCormick, and Joe Montana. Bridgesplit is building the core infrastructure to solve these needs and help unlock the true potential of NFTs,” said Saurabh Sharma, Partner at Jump Capital. Recommended AI News: Lockheed, Ericsson, Lenovo, Huawei, Bosch, and IoTeX are Developing the Global IEEE Blockchain Identity of Things Standard Bridgesplit aims to address the challenges of low liquidity and inefficient capital allocation by providing the first scalable infrastructure layer that creates interoperability between NFTs and DeFi. “Bridgesplit is the base financial layer for cross-chain NFTs, providing the composability and liquidity needed for the economy of the future.” The funds raised will be used to build out the engineering and community teams, along with progressing product development and relationships with different protocols across Solana, Ethereum L2s, and more.