Rarible Raises $1.75M to Become the “Uniswap for NFTs”

Rarible, the community-owned non-fungible-token (NFT) marketplace, announced a $1.75M seed round from investors including 1kx, ParaFi Capital, Coinbase Ventures, and Coinfund. Rarible token RARI jumped 60% to $8 on the news yesterday. Rarible intends to use the funds to develop a decentralized autonomous organization (DAO) structure which facilitates NFT trading. Central to the structure will…

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