- Minteo, a Latin American NFT marketplace, has raised $4.3 million in seed funding to expand across the region.
- Minteo intends to differentiate itself in the NFT space by focusing on working with local artists and brands.
- The funds will be used to create the platform, attract artists from Mexico and Colombia, and then gradually expand into other Latin American countries.
The NFT marketplace Minteo, based in Latin America, received seed funding of $4.3 million to grow. Several angel investors, Fabric Ventures, Dune Ventures, CMT Digital, Impatient VC, Susquehanna Private Equity Investments, SevenX Ventures, FJ Labs, Big Brain Holdings, G20 Ventures, Alliance DAO, and several other investors participated in the round.
Even though OpenSea Ventures, a competitor, has the largest NFT market in the industry, they even took part in the round.
Minteo is an NFT marketplace founded by CEO Santiago Rodriguez and CTO Javier Lozano with the goal of enabling Latin American artists, creators, collectors, gamers, brands, and other community members to purchase, sell, and exchange digital artwork, collectibles, physical goods, as well as other assets on a worldwide scale.
By providing a built-in self-custodied wallet, the alternative strategy to pay using local methods of payment, and a marketplace with local production, it provides a mobile app that makes purchasing, selling, and trading digital assets simple.
Minteo intends to differentiate itself in the NFT market through its infrastructure and, among other things, concentrate on collaborating with local artists and brands.
William Duran and Sebastian Salazar, who serve as the chief operating officer and chief marketing officer of respective fast-growing B2B and B2C businesses in the United States and Latin America, as well as EasyTaxi, a well-known taxi-hailing app that was purchased by Cabify, join Rodriguez and Lozano in their leadership roles. They each have over ten years of experience in these leadership positions.
The funding will be utilized to establish the platform, bring in artists from Mexico and Colombia, and then gradually expand into other Latin American nations.