Ex-Sushi CTO Raises $8 Million for Astaria, an NFT Lending Platform

Jun 20, 2022

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Ex-Sushi CTO Raises $8 Million for Astaria, an NFT Lending Platform

Originally posted here.
By: Peter Olaoluwapo

Overview

Astaria, a non-fungible token (NFT) lending platform and liquidity engine, has acquired $8 million in early capital to support its development throughout the down market. True Ventures, Arrington Capital, Ethereal Ventures, Wintermute, Genesis Trading, LedgerPrime, Hypersphere Ventures, The LAO, and several other investors participated in the preliminary round of funding.

Users can use Astaria to generate instant liquidity by putting up their NFTs as collateral. According to Justin Bram, the co-founder and CEO of Astaria, the recent drop in NFT sales, coupled with signs of a bear market, makes Astaria’s services appealing to NFT owners hoping …

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