The major hype around NFTs may have died down a bit since the crypto subsector took off last year, but that isn’t stopping startups from building and raising capital in the space.
Minteo, a Latin American-based marketplace betting on on-ramping the continent onto web3 via NFTs and other digital assets, today announced the closing of $4.3 million seed round.
The top-tier investors who have a track record of backing successful web3 and web2 startups such as TikTok, Sorare and Coinbase include Fabric Ventures, Dune Ventures, CMT Digital, Impatient VC, Susquehanna Private Equity Investments, SevenX Ventures, OpenSea Ventures, FJ Labs, Big Brain Holdings, G20 Ventures, Alliance DAO, Zero Knowledge and several prominent angel investors from the web3 ecosystem, like AngelDAO, Andres Garcia from Plaintext Capital and Jordi Hays from Partyround.com.
Latin America is considered by many experts to have the most robust creator economy on the planet, with buyers having enormous trust in creators and influencers.
According to Santiago Rodriguez, co-founder and CEO, Minteo wants to onboard millions of users and businesses to web3 via NFTs, and believes they can have more mainstream and faster adoption than fungible tokens.