Investment firm Infinex obtains $67.7 million in funding through the sale of Patron NFTs
In a groundbreaking move, Infinex, a decentralised exchange platform developed by the Synthetix DeFi project, has successfully raised $67.7 million from its Patron NFT sale. This significant fundraising round has attracted prominent angel investors such as Vitalik Buterin, co-founder of Ethereum, Anatoly Yakovenko, co-founder of Solana, and Stani Kulechov, founder of Aave.
The funds raised will be used to develop and enhance features on the Infinex decentralised exchange (DEX) platform. Infinex aims to build a simplified decentralised exchange, allowing users to perform lending, borrowing, and withdrawing activities on protocols like Aave, as well as staking tokens such as SNX and sUSD in Synthetix's 420 pool—all within the Infinex account interface. This integration aims to enhance user convenience and streamline DeFi interactions on their platform.
Infinex supports multiple blockchains and aims to provide an experience similar to centralised exchanges. The platform sold over 43,244 Patron NFTs across Ethereum, Solana, Arbitrum, Base, Polygon, and Optimism. As of Monday, the NFTs had been distributed to buyers on the Ethereum blockchain and are now available on OpenSea and Blur NFT marketplaces.
Infinex's mission is to "accelerate the extinction of centralised exchanges," while its vision is to simplify decentralised finance by creating a seamless, multichain user experience and providing the safest way to get on-chain. The platform's development focuses on broadening decentralised financial capabilities and user access.
Peter Thiel's Founders Fund, Solana Ventures, and Framework Ventures are among the venture capital firms that have invested in Infinex. The substantial funds raised will support Infinex's development of this easy-to-use DEX experience, making DeFi more accessible and integrated under one platform for Infinex users.
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- The funds raised from the Patron NFT sale will be utilized for developing and enhancing on-chain features on the Infinex decentralized exchange (DEX) platform, allowing users to invest in NFTs, perform lending, borrowing, and staking activities all within the Infinex account interface, which aims to simplify decentralized finance (DeFi) and technology.
- Infinex has attracted notable investors such as Vitalik Buterin, Anatoly Yakovenko, and Stani Kulechov, as well as venture capital firms like Peter Thiel's Founders Fund, Solana Ventures, and Framework Ventures, who see potential in Infinex's mission to accelerate the extinction of centralized exchanges and create a seamless, multichain user experience for DeFi and NFTs.
- The funds raised through the Patron NFT sale will enable Infinex to provide an experience similar to centralized exchanges across multiple blockchains, including Ethereum, Solana, Arbitrum, Base, Polygon, and Optimism, making decentralized finance (DeFi) more accessible for users by integrating various DeFi and NFT functionalities under one platform.
