NFTGo.io, a major data aggregator platform for the NFT, Web3 and gaming communities, announced on Tuesday that it has raised $6.75 million in a pre-series funding round . This funding seed was led by Qiming Venture Partners. Other firms such as SeaX Ventures, Youbi, Circle, Altonomy, Zonff Partners, Hash Global and mask.io also participated in the fresh funding.
NFTGo.io stated that it plans to use the funding to expand its next phase of growth and development to accelerate global hiring and develop new features like introducing more innovative data metrics and adding support for more blockchains.
Now that the firm has accumulated a massive amount of funds under its belt, Lowes, the Founder and CEO of NFTGo.io, highlighted what the company strives to offer in the business world: "NFTGo aims to build a gateway to the NFT ecosystem. We will not base our core business model on data accessibility, because we believe that all data on the chain comes from Web3 users, and, therefore, we should keep this data open. We hope that NFTGo will be your go-to destination to learn about NFTs, and we look forward to showing you a new digital world made possible through NFTs."
Designed as an all-in-one NFT data analysis platform, NFTGo.io provides users with access to all of the information necessary to enable them to make their next move in the NFT marketplace. Clients use the platform to spot real-time NFT insights using various advanced features like data visualization, search engine, whale tracking, NFT rarity, NFT Drops and many more. Besides that, NFTGo.io is built with several innovative data indicators like liquidity , FOMO level, profit and loss. Early this week, NFTGo released the 2022 NFT industry research report and distributed it in an innovative way of 'NFT minting'.
Helping Users Getting Started in the NFT Marketplace
The likes of NFTGo.io are among the early entrants to establish a foothold in the market for non-fungible tokens. Although OpenSea appears to have exerted greater control over the NFT market, its dominance seems to be threatened by other upcoming NFT firms. The task of buying is still complex to many users; for example, for users to transact on Opensea, they must buy Ether cryptocurrency on a cryptocurrency exchange such as Coinbase and create a crypto wallet like MetaMask to connect to the platform. But, the emerging NFT companies are differentiating themselves with a simple user interface that demystifies the NFT process and makes it more accessible to the everyday seller and buyer. By addressing the challenges of getting started and enabling users to easily connect to the NFT market, such platforms are growing their business.
