Bitcoin
$44,031.74-1.12%
Ethereum
$2,362.29-0.33%
Binance Coin
$240.72+0.26%
XRP
$0.67323778+0.84%
Solana
$74.21+1.30%
Cardano
$0.59151405+8.16%
Dogecoin
$0.10074737-1.59%
Avalanche
$32.29+8.07%
Tron
$0.10771283+0.98%
Polkadot
$7.25+7.57%
Chainlink
$16.55-2.19%
Polygon
$0.90418859+0.52%
PlayIconNav
Crypto Prices CoinDesk Market Index CoinDesk Market Index
Markets

NFT Site Rarible to Launch Marketplace on Flow Blockchain Following $14.2M Funding Round

“Rarible is determined to pioneer the next wave,” said CEO Alexei Falin.

By Sebastian Sinclair
AccessTimeIconJun 23, 2021 at 1:00 p.m. UTC
Updated Sep 14, 2021 at 1:15 p.m. UTC
Rarible, NFT marketplace

Rarible staffers pose for a photo.

10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Non-fungible token (NFT) marketplace Rarible has raised fresh capital to hire new employees and launch an additional marketplace on the Flow blockchain, home to Dapper Labs' smash hit, NBA Top Shot.

Venture capital firm Venrock, which was started in 1969 by Laurance Rockefeller, grandson of industrialist John D. Rockefeller, and blockchain venture firm CoinFund led the $14.2 million Series A round of funding, the firm said Wednesday. Venture firm 01 Advisors also participated in the funding round.

“Rarible is determined to pioneer the next wave,” CEO Alexei Falin said.

Ethereum-based Rarible said its platform has clocked over $150 million in digital collectible sales, capturing most of that during the beginning of this year's NFT fervor.

In February, Rarible raised $1.8 million from early-stage fund 1kx to expand its decentralized market venue to include a new governance structure.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary, and an editorial committee, chaired by a former editor-in-chief of The Wall Street Journal, is being formed to support journalistic integrity.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.