DeFi wallet Argent raises $40 million and takes aim at gaming

Quick Take

  • Fabric Ventures and Skype co-founder Jaan Tallinn’s investment firm Metaplanet led the raise.
  • Argent plans to use the cash to build new gaming infrastructure as it vies to become a crypto super-app.
  • “We want to be the de facto wallet for gaming,” CEO Itamar Lesuisse says.

Argent, the London-based startup vying to build a DeFi super-app, has raised $40 million in a Series B round.

Fabric Ventures and Skype co-founder Jaan Tallinn’s investment firm Metaplanet led the investment. Existing investors Paradigm, Index Ventures and Creandum also participated, alongside new strategic backers Starkware, Jump Crypto and Animoca Brands.

The money will be used to accelerate Argent’s plans to support a wider spectrum of activities across DeFi and web3.

“Argent still feels very finance-centric, and we want to play a big role in other NFT verticals — so NFT gaming, virtual real estate,” co-founder and CEO Itamar Lesuisse said in an interview with The Block. “We want to be the de facto wallet for gaming.”

Fulfilling that vision will involve rolling out new functionality for crypto games, such as infrastructure for onboarding new players and signing in-game transactions.

Currently, Argent users are able to store certain non-fungible tokens (NFTs) within their wallets through connections to marketplaces like OpenSea. 

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