Infinex DEX Raises +$67M via NFT Sale to VCs, Investors and Community

Infinex, an upcoming decentralized exchange platform being developed by Synthetix, managed to raise over $67 million through its recent Patron NFT sale. The Infinex Patron non-fungible token sale, which launched and concluded yesterday, attracted participation from prominent venture capitalists, angel investors, and members of the NFT and crypto communities.

Infinex raises +67 million dollars in an NFT sale

In an October 28 blog post, Infinex confirmed the completion of its NFT sale with the support of leading founders, foundations, venture capital firms, and on-chain ecosystem communities. This fundraising model, which allowed Infinex to raise more than $67 million, launched its Patron NFT sale on Monday, October 23, 2024, and successfully concluded a few hours later.

We are excited to announce the completion of our $67.70 million Patron Sale with the support of leading founders, foundations, funds and communities in the onchain ecosystem.

Infinex is ushering in the next phase of our industry, the “post-CEX era.” pic.twitter.com/MVxrObVrbn

-Infinex (@infinex_app) October 28, 2024

Unveiled in July 2024, Infinex is a decentralized exchange platform from Synthetix designed to compete with centralized exchanges. Synthetix is ​​a decentralized finance (DeFi) protocol that allows users to create and trade synthetic assets, or “Synths,” on the Ethereum blockchain. Infinex aims to streamline users’ DeFi experience while solving key problems in the decentralized exchange (DEX) market.

In its recent funding, Infinex sold Patron NFTs to venture capitalists, angel investors, and the crypto communities. Venture capital firms that participated in the NFT sale included Fund Founder, a San Francisco-based venture capital fund backed by billionaire Peter Thiel that invests in revolutionary technologies. Peter Thiel is an American entrepreneur, venture capitalist and co-founder of PayPal.

Presentation of the Infinix Patron NFT

Other venture capital firms that participated in the Infinex NFT sale included Wintermute Ventures, Framework Ventures, and Solana Ventures. Other angel investors participating in the sales included Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov. Infinex currently has a total value of $125 million.

During the NFT auction, 43,244 Patron NFTs were sold on Ethereum, Solana, Arbitrum, Base, Polygon and Optimism. These NFTs were distributed to buyers on the Ethereum blockchain and are now available for resale through the OpenSea and Blur NFT marketplaces. The Infinex Patron NFT Collection is an NFT collection featuring a limited edition of 100,000 NFTs hosted on the Ethereum blockchain network.

You can now remove unlocked patrons. Find the links to the official collection below ⤵️

Official Magic Eden: https://t.co/ZvYgLtFm92
Official blur: https://t.co/MoEdFEV3JR
Official OpenSea:

Patrons are helping write the next chapter of cryptography.

-Infinex (@infinex_app) October 28, 2024

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