Infinex Banks $67.7M from Patron NFT Sale
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Infinex has captured plenty of attention over its plans to Disrupt the exchange industry. Notable investors are betting on its success, contributing to its Patron NFT sale.
Key Highlights:
- Patron NFT Sale: Infinex’s recent Patron NFT sale raised an impressive $67.7M. The sale resulted in 1,601 accounts holding a total of 43,284 Patron NFTs, with an additional 5,800 NFTs reserved for upcoming campaigns.
- Investor Backing: As expected, high-profile VCs and angel investors participated as well. Noteworthy names include Peter Thiel, Vitalik Buterin, Jesse Pollak, and others.
Bankless Take:
The success of the Patron NFT sale is a promising start for Infinex, though they’re entering an uphill battle with Coinbase and Kraken as major competitors. Industry shakeups like these drive innovation however, and Infinex could follow a path similar to Blur’s rivalry with OpenSea, a David vs. Goliath story that showed if you build a strong product, users will follow.
We are thrilled to announce the completion of our $67.70M Patron Sale with support from leading founders, foundations, funds and communities across the onchain ecosystem.
— Infinex (@infinex_app) October 28, 2024
Infinex is ushering in the next phase of our industry, the "post-CEX era". pic.twitter.com/MVxrObVrbn