News/NFT Tools Provider Venly Closes $23M Series A Funding Round with Participation from Coinbase Ventures and others

NFT Tools Provider Venly Closes $23M Series A Funding Round with Participation from Coinbase Ventures and others

Apr 28,2022,22:46
NFT tools provider Venly (formerly Arkane Network) has closed a $23 million Series A round led by Courtside Ventures with participation from Coinbase Ventures, Tioga Capital, Fortino and others. The funds raised will be used for Venly to develop products centered around new benefits to web 3 users, with a close focus on gaming as well as e-commerce. Venly reportedly plans to launch a gas accelerator for game studios and Web3 startups to support the entire blockchain ecosystem. In addition, Venly will launch the $VENS Token, an internal token to drive loyalty and engagement of the Venly Market users.
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