Few and Far raises $10.5m from Pantera Capital and others to develop its web3 collectibles platform.
The financing was led by Pantera Capital to help expand platform capabilities and developer tools.
≈ £8.7M at $1 = £0.8309 on 3 Mar 2023
Few and Far operates a digital collectibles platform that provides developer tools for creating and trading web3 assets. Built on the NEAR Protocol, the service assists creators and brands with digital artwork management.
Few and Far has secured $10.5m in a funding round led by Pantera Capital to support creators with digital artwork. The capital will enable the platform to enhance its capabilities, improve user experience, and attract more developers and intellectual property owners.
Additional backing for the round came from investors including Cypher Capital, Huobi Ventures, Hypersphere, Lyrk Ventures, Mantis Partners, and K5 Global. The company provides a non-custodial marketplace for digital collectibles built on the NEAR Protocol.
The fresh funding arrives as the platform scales its infrastructure and expands partnerships across the digital asset ecosystem. Leadership intends to use the resources to support further product development and community growth.
From the founder
"Their experience and expertise in the blockchain space will be invaluable to us as we continue to grow and innovate. With this backing, we are well-positioned to continue to lead the way in the web3 space."
Chris Gale
Co-founder at Few and Far
Investor perspective
"We are proud investors in Few and Far and support their mission to bring NFTs to the mainstream. The market has recently seen a systemic shift in royalties. Few and Far’s technologies solve this and protect IP holders’ revenue models. This is gaining interest from the world’s leading brands that can no longer work with the likes of OpenSea. We are excited to back what we feel is one of the strongest web3 teams out there ."
Paul Veradittakit
General Partner, Pantera
Use of funds
- 01Continue product development
Investors
Paul Veradittakit
Pantera
Cypher Capital
Huobi Ventures
Hypersphere
Lyrk Ventures
Mantis Partners
K5 Global
Categories
About the company
Few and Far
Few and Far builds a web3 platform for digital collectibles and developer tools.