SEOUL, SOUTH KOREA / ACCESSWIRE / April 19, 2021 / Blockchain investment firm Hashed has participated in the seed round of Contxts.io that operates NFT portfolio management platform NFTBank.ai. Hashed invested along with other global crypto investors including Digital Currency Group and 1kx to bring the value of the round to $1.4 million.
NFTBank provides a comprehensive asset management platform of NFT assets from projects such as The Sandbox, Axie Infinity, and League of Kingdoms. The platform supports all NFTs on the Ethereum network and Polygon (formerly Matic). Through the NFTBank platform, users can view all of these scattered NFTs and manage them more efficiently in a single place. The NFTBank platform also plans to integrate Klaytn, Flow, and ImmutableX, and to provide real-time valuation and various NFT-based financial products.
Ethan Kim, Hashed co-founder and partner, said: "NFTs are a great example of using blockchain to assert unique digital asset ownership. Indeed, NFTs will expand to ownership, copyright, artwork, collection and eventually an entire metaverse.
"The disruptive power of NFTs will allow digital artworks and collectibles to become more than a mere part of a collection. The meeting of NFTs and the metaverse meet will create greater added value. I expect NFTBank's strong data analytics to serve as a good indicator for crypto natives to calculate appropriate pricing of NFTs."
Daniel Kim, founder of NFTBank, said: "NFTs are an illiquid asset. Consequently, NFT holders must own their NFTs for a long period while being exposed to liquidity risk. NFTBank allows users to manage scattered NFTs across multiple blockchains in a single place. Furthermore, the platform helps users acquire and manage NFTs in a more efficient manner. It will soon allow users to see the appropriate value of any NFT asset through its proprietary valuation and risk algorithms, while alleviating liquidity risks that users had to bear."
He added: "I am grateful for Hashed doubling down on NFTBank through its seed investment. When NFTs were a new space for most, Hashed believed in the idea of NFTBank. The follow-on investment from Hashed will help the platform to grow further."
About Hashed
Hashed is an investment firm that focuses on blockchain. Its team pride themselves on contributing to a decentralized future through its investments, community building and support. These efforts allow Hashed's portfolio companies to penetrate the global market seamlessly to bootstrap their communities and the company-building process. As an early investor in Kakao's Klaytn and Line's LINK, Hashed has invested in the blockchain projects of Asian tech giants. It also runs ‘Hashed Lounge' for early blockchain projects as a co-working and offline meet-up space.
About NFTbank
NFTBank provides a comprehensive asset management platform of NFT assets from projects such as The Sandbox, Axie Infinity, and League of Kingdoms. The platform supports all NFTs on the Ethereum network and Polygon (formerly Matic). Through the NFTBank platform, users can view all of these scattered NFTs and manage them more efficiently in a single place. The NFTBank platform also plans to integrate Klaytn, Flow, and ImmutableX, and to provide real-time valuation and various NFT-based financial products.
Contact:
Ethan Kim, Partner at Hashed
[email protected]
SOURCE: Hashed