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India based NFT startup raises $3.26 million with participation of UAE investors

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Artfi, a non-fungible token (NFT) focused startup, has raised $3.26 million from several investors including Sheikha Hend Al Qassemi, a member of the ruling family of Emirate of Sharjah, and Raza Beig, director of Landmark Group, UAE. The current funding was raised at a valuation of $100 million. Artfi is on a mission to democratize the fine art space by fractionizing high-value artworks into limited editions NFTs. The NFTs will be minted on the polygon network. The fine art fintech company is now gearing up for whitelisting for its first fine art NFT offering from August and is also working towards developing a museum in the metaverse where the art collection will be always accessible. Asif Kamal, Founder of Artfi stated that the company will use the investment funds to build its technology and a dedicated marketplace for fine art NFTs. A portion of the funds will also be deployed to strengthen its product and team. Kamal stated in an interview, “Artfi was launched with a vision to ma...