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MENA region’s NFT marketplace NIFTY Souq raised $1.5 million in SEED investment from Palm Ventures, Falak Investment Hub, and Fitzy Fund alongside angel investors.
NIFTY Souq is a marketplace and auction platform for the creation, sale, and purchase of NFTs. The SEED-fund investment will go toward technology updates and platform expansion. According to the company, the global NFT market was valued at $15.7 billion in 2021 and is expected to reach $122.43 billion by 2028, at a CAGR of 34.10%.
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.
MENA region’s NFT marketplace NIFTY Souq raised $1.5 million in SEED investment from Palm Ventures, Falak Investment Hub, and Fitzy Fund alongside angel investors.
NIFTY Souq is a marketplace and auction platform for the creation, sale, and purchase of NFTs. The SEED-fund investment will go toward technology updates and platform expansion. According to the company, the global NFT market was valued at $15.7 billion in 2021 and is expected to reach $122.43 billion by 2028, at a CAGR of 34.10%.
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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