Few and Far, a leading Digital Collectibles web3 platform, has announced today that it has raised $10.5 million in a funding round led by Pantera Capital, the leading blockchain investment firm.
The raise marks a significant milestone for Few and Far, which has been making exponential growth since launching. The new funds will help further expand the platform’s capabilities, enhance the user experience, and increase the number of web3 developers, plus IP owners that can benefit from the platform.
The round also included top VCs, Cypher Capital, Huobi Ventures, Hypersphere, Lyrik Ventures, Mantis Partners, K5 Global and many more.
Few and Far features an all-inclusive platform available to carry out everything related to next generation digital collectibles, including a suite of developer tools.
“We are thrilled to have Pantera Capital lead our latest funding round,” said Chris Gale, Few and Far’s Co Founder. “Their experience and expertise in the blockchain space will be invaluable to us as we continue to grow and innovate. With this backing, we are well-positioned to continue to lead the way in the Web3 space.”
Pantera Capital is a leading blockchain investment firm with a proven track record of successful investments in the blockchain industry. The firm has been an early investor in some of the most successful blockchain projects, and their investment in Few and Far demonstrates their confidence in the future of the NFT ecosystem.”
“We are proud investors in Few and Far and support their mission to bring NFTs to the mainstream. The market has recently seen a systemic shift in royalties. Few and Far’s technologies solve this and protect IP holders’ revenue models. This is gaining interest from the world’s leading brands that can no longer work with the likes of OpenSea. We are excited to back what we feel is one of the strongest web3 teams out there .” shares Paul Veradittakit, General Partner of Pantera Capital. He continues “The Few & Far teams have built a platform with one of the best UI/UX experiences, advanced infrastructure, and an active community and we’re excited about their ambitious product roadmap and upcoming partnerships.” The raise comes on the back of a series of funding announcements and milestones at NEAR, as it ramps up efforts to onboard a billion users in Web3. As a high performance, carbon-neutral protocol which is fast, secure, and infinitely scalable, NEAR has become popular among developers and creators. Established by a community-driven team of engineers and entrepreneurs, NEAR is simple to use and good for the environment.
According to Mareike Flament, CEO of Near Foundation, Few and Far is an exceptional next generation NFT marketplace. “The platform released by Few and Far stands out with its highly user-friendly onboarding process for web3, while also being fully on-chain and non-custodial”. Flament credits the NEAR Protocol’s flexible account infrastructure for this achievement.
Flament, also acknowledges Few and Far’s infrastructure and ability to assist developers to launch programmable NFTs on NEAR with just a few lines of code. This solution significantly lowers the barriers for developers to enter web3, while protecting royalties for IP owners. “We are confident our partnership will unlock web3 engagement and digital collectibles to the mass market.”
Few and Far’s NFT marketplace and web3 platform have been gaining traction in recent months, with more developers building on their protocol, plus more creators joining the platform to showcase and sell their digital art. With the new funding, Few and Far will be able to build on this momentum and continue to innovate in the digital collectible space and onboard the masses.