Quick take:
- Few and Far on Thursday announced a $10.5 million funding round led by Pantera Capital.
- The digital collectibles platform said it will use the funds to ramp up the number of developers and improve user experience.
- Other VCs joining the round included 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. Announcing the fundraising during ETHDenver 2023, the digital collectibles marketplace said it will use the funds to “expand the platform’s capabilities, enhance 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.
Commending 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 backing, we are well-positioned to continue to lead the way in the web3 space.”
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, the Menlo Park, CA-based asset management company also led Revolving Games’ $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 co-lead Metaverse Game Studios’ $10 million round.
Few and Far joins a stacked-up list in Pantera’s portfolio companies. The digital collectibles platform offers a variety of web3 products including NFTs, blockchain gaming, and decentralised 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 is also looking to ramp up its platform with a suite of developer tools to benefit IP owners.
The company also has ongoing partnerships with leading web3 infrastructure companies like Tron, Alchemy and XDeFi, among others.
****
Stay up to date:
Subscribe to our newsletter using this link – we won’t spam!
