NFT platform Few and Far raises $10.5 million in a round led by Pantera Capital

Quick take:

• Few and Far announced Thursday a $10.5 million funding round led by Pantera Capital.
• The digital collectibles platform said it will use the funds to increase the number of developers and improve the user experience.
• Other VCs that joined the round include Cypher Capital, Huobi Ventures, Hypersphere, Metaweb, Mantis Partners and K5 Global.

Few and Far has raised a $10.5 million funding round led by Pantera Capital. The digital collectibles marketplace announced the fundraising during ETHDenver 2023, saying it will use the funds to “expand the platform’s capabilities, improve the user experience, and increase the number of Web3 developers.”

The round also attracted participation from top VCs including Cypher Capital, Huobi Ventures, Hypersphere, Metaweb, Mantis Partners and K5 Global, among others.

Praising Pantera Capital for leading the round, Few and Far co-founder Chris Gale said: “[The venture capital firm’s] experience and expertise in the blockchain space will be invaluable to us as we continue to grow and innovate. With this support, we are well positioned to continue leading the way in the web3 area.”

Pantera has been one of the most active venture capital firms in web3. Last month, the company invested $10 million in NFT gaming company Worldwide Webb.

In September 2022, Menlo Park, CA-based asset management firm Revolving Games also led its $25 million round and invested in NEAR-based web3 wallet Sender’s $4.5 million private round.

Last August, Pantera also led Web3 streaming platform Stacked’s $12.9 million Series A round.

The company also joined Animoca Brands in March 2022 to lead Metaverse Game Studios’ $10 million round.

Few and far between join a stacked list of Pantera’s portfolio companies. The digital collectibles platform offers a variety of web3 products, including NFTs, blockchain games and decentralized finance (DeFi) among others.

The platform is based on the NEAR protocol, a proof-of-stake Layer 1 blockchain focused on making it easier for developers to build web3 applications. Few and Far also wants to expand its platform with a number of developer tools for the benefit of IP owners.

The company also has ongoing partnerships with leading web3 infrastructure companies such as Tron, Alchemy and XDeFi, among others.

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