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.
