Infinex Banks $67.7M from Patron NFT Sale
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