Astaria, a non-fungible token (NFT) lending platform and liquidity engine, has acquired $8 million in starting capital to support its growth across the down market. True Ventures, Arrington Capital, Ethereal Ventures, Wintermute, Genesis Trading, Laserprime, Hypersphere Ventures, The LAO, and many other investors participated in the initial round of funding.
Users can use Astaria to generate instant liquidity by holding their NFTs as collateral. According to Justin Bram, co-founder and CEO of Astaria, the recent drop in NFT sales, coupled with signs of a bear market, is expected to make Astaria’s services appealing to NFT owners…
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