ICYMI: DeFi wallet Argent raises $40 million and takes aim at gaming
Fabric Ventures and Skype co-founder Jaan Tallinn’s investment firm Metaplanet led the raise.
Fabric Ventures and Skype co-founder Jaan Tallinn’s investment firm Metaplanet led the investment. Existing investors Paradigm, Index Ventures and Creandum also participated, alongside new strategic backers Starkware, Jump Crypto and Animoca Brands. “Argent still feels very finance-centric, and we want to play a big role in other NFT verticals — so NFT gaming, virtual real estate,” co-founder and CEO Itamar Lesuisse said in an interview with The Block. “We want to be the de facto wallet for gaming.”
Currently, Argent users are able to store certain non-fungible tokens within their wallets through connections to marketplaces like OpenSea.Proceeds from the raise will also be used to build out Argent’s services in Latin America, beginning in Mexico, where Lesuisse sees strong demand for the product. Some money will also go towards hiring in-house legal, finance and treasury management experts, as well as for a new research team focused on Layer 2 protocols, according to Lesuisse.
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