FTX and Avalanche co-led $5M round for Joepegs NFT marketplace
Joepegs, an NFT marketplace on the Avalanche blockchain, raised $5 million in a seed round led by now-defunct FTX Ventures and the Avalanche Foundation, its co-founders who go by the pseudonyms Cryptofish and 0xMurloc, exclusively told TechCrunch. Although FTX collapsed last week, raises their ventures team contributed to are still being announced. The marketplace launched in May and has grown rapidly to the largest NFT marketplace on Avalanche with over $3.4 million in secondary NFT sales and 12,000 users. It also has an in-house production unit, Joe Studios, as well as an NFT Launchpad, which has on boarded over 50 projects to the Avalanche ecosystem, the company said. which launched in early July 2021 and has a total trading volume over $88 billion.
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