NFT marketplace Joepegs raised $5 million in seed led by now-defunct FTX Ventures and others

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NFT marketplace on the Avalanche blockchain Joepegs raised $5 million in seed led by now-defunct FTX Ventures and the Avalanche Foundation and its co-founders, who go by the pseudonyms Cryptofish and 0xMurloc.

With 12,000 users, $3.4 million in secondary sales volume, and the largest non-fungible token (NFT) marketplace on Avalanche, JoePegs has grown significantly. JoePegs is concentrated on the market’s operational side and collaborates with vendors, performers, and initiatives throughout the Avalanche ecosystem. According to CruptoSlam data, Avalanche has expanded to rank as the seventh-largest NFT marketplace by sales volume of more than $400 million.

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NFT marketplace Joepegs raised $5 million in seed led by now-defunct FTX Ventures and others

NFT marketplace on the Avalanche blockchain Joepegs raised $5 million in seed led by now-defunct FTX Ventures and the Avalanche Foundation and its co-founders, who go by the pseudonyms Cryptofish and 0xMurloc.

With 12,000 users, $3.4 million in secondary sales volume, and the largest non-fungible token (NFT) marketplace on Avalanche, JoePegs has grown significantly. JoePegs is concentrated on the market’s operational side and collaborates with vendors, performers, and initiatives throughout the Avalanche ecosystem. According to CruptoSlam data, Avalanche has expanded to rank as the seventh-largest NFT marketplace by sales volume of more than $400 million.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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