Solana NFT Layer Metaplex Raises $46M

Posted on by American Coins & Gold

Solana NFT Layer Metaplex Raises M
Metaplex, a company that allows users to build their own Solana-based non-fungible token (NFT) marketplaces, has raised a $46 million funding round led by Multicoin Capital and Jump Crypto, the company announced Tuesday.Metaplex says it will use the funding to scale its operations and provide grants to support creators from underrepresented communities.While the volume of Solana’s NFT market remains a good way behind its Ethereum counterpart, its total market capitalization recently passed $1 billion, according to data from Solanalysis, with Metaplex fueling much of the growth.The company says its protocol has been used to create over 85,000 projects and 5.7…