Coinbase Ventures participates in $4.2 million funding round for NiftyApes 

Quick Take

  • NiftyApes raised $4.2 million in seed funding led by Variant and FinTech Collective, with participation from Coinbase Ventures. 
  • NiftyApes allows users to get loans on any NFT collection. 
  • The firm joins an increasing number of NFT-focused debt financiers receiving venture capital interest. 

NiftyApes, a firm that lets users take out loans on any NFT collection, has raised $4.2 million in seed funding. 

The firm joins a trend of NFT-focused debt financiers receiving interest from venture capitalists.

Variant and FinTech Collective led the round. Additional participants include Robot Ventures, Polygon, Coinbase Ventures, The LAO, FlamingoDAO, Ryan Sean Adams, David Hoffman, Eric Conner, Anthony Sassano, Cyrus Younessi, DC Investor, James Young, James