PANews reported on October 28 that according to The Block, Peter Thiel's Founders Fund participated in Infinex's "sponsorship" NFT financing model to help it achieve its fundraising goal of $67 million. Infinex's financing attracted venture capital, angel investors and community supporters through the sale of Patron NFTs. Other participating institutions include Wintermute Ventures, Framework Ventures and Solana Ventures, and individual investors include Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko and Aave founder Stani Kulechov.
Infinex was founded by Kain Warwick, the founder of Synthetix, and is committed to building a decentralized trading experience to compete with centralized exchanges. The platform currently has a total locked value of US$125 million, and in the future it will focus on implementing functions such as spot trading, derivatives, and fiat currency entry to get closer to the service level of centralized exchanges.
