MetaStreet, provider of non-fungible tokens (NFT) debt, has raised $10 million in a recent round of equity funding according to a news report.

The company is expected to use the money to develop trust, credit and property products that facilitate debt and strengthen the credit infrastructure of the NFT sector.

The first product to be launched is called ‘PowerSweep’, an NFT trading platform to further expand and attract new users. With the addition of the $14 million in total seed money raised in February, MetaStreet has now raised a total of $24 million.

DragonFly Capital, Nascent and Ethereal Ventures, which previously supported MetaStreet, are among the investors in the round, while OpenSea Ventures, Fintech Collective, DCG, TheLAO, Focus Labs, Mirana Ventures, Metaversal, Ledgerprime, Meta4, Flying Falcon are are among the new investors who participated in the recent round of funds.

metastreet is an NFT platform that expands global trust, credit, and separate ownership of digital goods.

“At such an early stage in the development of the Metaverse, we are fortunate to be firmly embedded in NFT finance, as it allows us to experiment with new technologies that can bring substantial benefits to users, almost instantly,” says co-founder and director MetaCalle executive Conor Moore.

DragonFly and OpenSea’s commitment in the digital space

Dragonfly’s recent funding comes in fulfillment of its commitment to fund projects in the diverse digital ecosystem during the throw of a new venture capital fund worth $650 million. According to Haseeb Qureshi, managing partner of DragonFly Capital, the funds will be distributed across the board, from decentralized finance (DeFi) to gaming and the metaverse, rather than concentrating on a particular area of ​​the digital currency ecosystem.

Blockchain gaming platform SludgeFeed has associated with OpenSea, a well-known online marketplace for crypto collectibles, to promote the use of blockchain games by displaying relevant products in its framework. Working together, OpenSea will provide technical support to SludgeFeed as it develops a special non-fungible token (NFT) marketplace that ties seamlessly with its platform and content.

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