NFT tooling firm Middle raised $11 million in a seed funding spherical, the corporate introduced on Thursday.
US-based VC companies Thrive and Founders Fund participated within the spherical.
Middle was based final 12 months by Omar Bohsali, who has beforehand held positions on the likes of Coinbase and Paradigm. In a mission assertion from March this 12 months, Middle mentioned its intention is to make NFTs helpful for people and builders. To that finish, it’s trying to index and manage each NFT on each chain and says it has 120 million NFTs on its books thus far.
“It is kind of like indexing the online, however as an alternative of net pages, we’re organizing all permissionless digital property rights,” the corporate mentioned in a launch shared solely with The Block.
The corporate’s seed spherical comes within the wake of an explosion of curiosity in NFTs, a number of NFT serps cropped up over the previous 12 months.
In December, decentralised photograph community Numbers Protocol launched its NFT search platform, though the hyperlink on its web site to the search instrument was not working on the time of writing. Final month, HUMBL additionally introduced the launch of its cross-chain NFT search platform for web3.
The five-person staff at Middle can be engaged on NFT instruments for builders, together with an NFT rendering API and multi-chain interoperability aids.