NFT infrastructure protocol Decent raises $3.5 million from Y Combinator and others: Exclusive
Decent, an NFT infrastructure protocol that helps artists monetize their work, raised $3.5 million in a seed funding round. The funding was secured via an equity and token warrant arrangement, Collier said.
Crypto-focused venture capital firm Archetype led the round, with Y Combinator, Circle Ventures, Palm Tree Crew Crypto and its co-founder Kyrre Gorvell-Dahll (aka Kygo, a Norwegian DJ and music producer) also participating. Collier likened the Decent protocol with what Squarespace does for websites and Canva does for design. The overall percentage of deals in this vertical also increased to 47%.
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