Venly, Belgium-based crypto and NFT-based service provider, announced Thursday that it has raised $23 million in a Series A funding round led by Courtside Ventures. Additionally, Transcend Fund, Coinbase Ventures, Tioga Capital, High-Tech Gründerfonds, Fortino, Plug and Play, Leadblock Partners, Imec Istart, and Alpaca VC also participated in the round.
Founded in 2018, Venly is a “blockchain-agnostic technology provider” that offers a digital wallet, a non-fungible token (NFT) marketplace, and other NFT tools irrespective of the blockchain.
With the latest funding, the company plans to create products targeting web3 users, with an initial focus on gaming and eCommerce. In addition, it also seeks to expand its personnel and strike new partnerships with industry players.
“The problem today is that most developers and end-users have difficulty interacting with Web3 technology. It needs to be more aligned with Web2 usability, which is exactly what the Venly platform provides. Our APIs and services allow a Web2 company to seamlessly integrate with Web3,” said Tim Dierckxsens, CEO of Venly.