NFT Platform Rarible Closes Seed Round With CoinFund

Rarible, a digital art-focused NFT platform, has raised an undisclosed amount in a pre-seed round closed by crypto investment firm CoinFund.

“The investment will help Rarible develop a community-governed, blockchain-based NFT marketplace that enables a direct relationship between digital content creators and buyers,” Rarible’s announcement said.

CoinFund supports its investment with the view that blockchains and NFTS will enable ownership over digital assets, founder Jake Brukhman wrote in a blog post.

“We can view NFTs as liquid intellectual property (“liquid IP”) [18] for all forms of digital content, a marketplace which is measured in trillions of units that is about to be tokenized,” the blog post said.