Pine Protocol, NFT Financing Platform, Closes $3M Private Round, Led by Amber Group & Sparkle Ventures – Yahoo Finance

SINGAPORE, Dec. 6, 2022 /PRNewswire/ — Pine Protocol, a pioneer of the emerging NFT-fi (NFT finance) space through NFT (Non-fungible token) lending and financing, has raised $3 million from investors co-led by Amber Group and Sparkle Ventures, an investment firm jointly created by Animoca Brands and the founders of The Sandbox. Pine Protocol specializes in decentralized and non-custodial NFT-backed loans, where users are able to harness their NFT assets as collateral to borrow cryptocurrencies such as Ethereum (ETH) from lenders.
Since its beta launch, Pine Protocol’s NFT-loan platform has processed over $3.3M (USD) in loan transactions across more than 40 different NFT collections.
The vast majority of investors from the protocol’s seed round, completed earlier this year, have reinforced their support for the project through followup investments in this recent round. These include VC’s such as, Shima Capital and Spartan Capital, who have now been joined by private round backers, Mapleblock, The LAO, and MetaStreet Co-Founder, David Choi, to name a few. 
The company has announced this investment round completion as it gears up for its upcoming $PINE token IDO (Initial DEX Offering) supported by Impossible Finance, in conjunction with their anticipated platform update, which will power Pine’s NFT-fi application with a plethora of innovative financial tools for NFT assets. Both Pine Protocol’s token IDO and full platform release are slated for Q1 2023.
View original content:https://www.prnewswire.com/news-releases/pine-protocol-nft-financing-platform-closes-3m-private-round-led-by-amber-group–sparkle-ventures-301695358.html
SOURCE Pine Protocol
Shares of Bank of America (NYSE: BAC) were down on Tuesday, falling as much as 6% during the trading day. As of 2:45 p.m. ET, Bank of America was down 5.5%, trading at $32.58. The major indexes were all down on Tuesday, led by the Nasdaq Composite, which was down 258 points, or 2.3%, while the Dow Jones Industrial Average was down 498 points, or 1.5%, and the S&P 500 was off 77 points, or 1.9%, as of 2:45 p.m. ET.
The 2008 financial crisis, one of the biggest financial debacles in history, made Michael Burry a legend. It made him one of the examples to follow in defiance of standard practices in financial circles.
Binance CEO CZ is speaking out against SBF after FTX’s collapse and arguing he had nothing to do with his rival’s downfall.
(Bloomberg) — President Joe Biden celebrated Taiwan Semiconductor Manufacturing Co.’s plans to increase its investments in Arizona to $40 billion and construct a second factory, with companies like Apple Inc. eager to source more chips from the US.Most Read from Bloomberg‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks ConcernWall Street Goes Risk Off as Bank CEOs Sound Alarm: Markets WrapTrump Companies Are Convicted in NY Criminal Tax Fraud TrialEx-Deutsche Bank Trader Builds $
Oppenheimer Senior Analyst Christopher Glynn joins Yahoo Finance Live to discuss upgrading GE to Outperform, the company’s stock performance, industrial stocks, and the outlook for GE’s health care spinoff.
Warren Buffett arrived in Sun Valley, Idaho, with an unpopular warning — one the visionaries in the room were in no mood to hear. The tech leaders gathered there were bent on changing the world and had already made fortunes doing it. And in a year where some tech stocks were surging as much as 27-fold, many were sitting on investments with sky-high valuations that they felt just fine about. Don’t Miss: The Company Solving Traffic and Climate Change Together There were polite nods as Buffett took
Have an issue with your financial adviser or looking for a new one? Email questions and concerns to picks@marketwatch.com.
What are the early trends we should look for to identify a stock that could multiply in value over the long term? One…
Shares of Devon Energy (NYSE: DVN) fell 11.4% in November, according to data provided by S&P Global Market Intelligence. The primary factor weighing on the oil stock was its third-quarter report, where the company unveiled a lower total dividend payment. Devon Energy launched the oil industry's first fixed-plus-variable dividend framework in early 2021.
The FTX-linked trading firm made a number of unorthodox investments in the months leading up to its stunning collapse.
Blackstone Inc said redemptions from its $50 billion non-traded business development company reached its pre-set limit for the first time but investors were still allowed to cash out on their investments. This is the first time redemption requests had reached the pre-set limit of 5% since Blackstone launched the product in January last year. It also comes after Blackstone announced last Thursday that it would curb withdrawals from its $69 billion unlisted real estate income trust (REIT) following a surge in redemption requests.
The uber-wealthy investor is thrifty with just about everything, from his breakfast to his house.
Among the 450,000 underwater borrowers in the third quarter, nearly 60% had mortgages originated in the first nine months of 2022.
While NIO and Li Auto (LI) hit monthly-record deliveries in November, XPeng (XPEV) sees a sharp fall in deliveries on a yearly basis.
Even a dour outlook for the broader stock market couldn't outweigh good news for these companies.
After a punishing 2022, it may be time to bet on bonds backed by the U.S. government, particularly if a recession hits, according to Truist Advisory Services.
In this article, we discuss 12 very high-yield dividend stocks to buy now. You can skip our detailed analysis of high-dividend stocks and their performance, and go directly to read 5 Very High-Yield Dividend Stocks To Buy Now. The soaring inflation and consistent interest rates hike have analysts worried about a full-blown recession in the […]
DEEP DIVE Stocks of companies that raise dividends consistently have outperformed during this year’s bear market. Below is a screen showing which stocks are analysts’ favorites for next year among an expanded list of Dividend Aristocrats.
When investors are in "risk-off" mode, unprofitable EV companies are often the first to be sold.
The EV stock has been stuck in a range in recent weeks. That isn't going to change for a while, but if it does, the risk is skewed to the downside.

source