Infinex’s Patron NFTs Raise $67.7M Backed By Peter Thiel’s Founders Fund
Infinex’s ’Patron’ NFTs have raised $67.7 million in total investments within six weeks of launch, despite a challenging NFT market. This funding milestone is notably supported by the Founders Fund, co-founded by ex-PayPal CEO Peter Thiel, marking a significant moment for Infinex’s strategy to transition to a ’post-CEX era’ through its non-custodial platform. The Patrons NFTs are now tradeable on platforms like OpenSea, with a starting floor price of 1.22 ETH (around $3,086). Early investments also came from Solana Ventures, WMT Ventures, and Variant Fund, highlighting strong interest in reshaping decentralized finance (DeFi) and protocols. Although there is a general downtrend in NFTs, substantial financial backing indicates confidence in Infinex’s direction and potential market influence.
Bullish
The news signifies a bullish sentiment due to the substantial investment backing that Infinex’s Patron NFTs have attracted, despite a general downturn in the NFT market. The involvement of high-profile investors like Peter Thiel’s Founders Fund suggests confidence in the project’s potential to influence the market and transition to a ’post-CEX era’. This financial commitment could stimulate interest and lead to increased trading activity in the near term, as investors view it as an opportunity to engage with potentially transformative DeFi and NFT innovations.