Infinex Raises Over $67 Million in NFT Sale: A Game-Changer for the Decentralized Exchange Platform

Infinex, the decentralized exchange platform developed by Synthetix, has made headlines with its recent successful Patron NFT sale, raising over $67 million. The sale, which concluded yesterday, saw participation from prominent venture capitalists, angel investors, and members of the NFT and crypto communities.

The fundraising model employed by Infinex has proven to be highly effective, with the platform attracting support from leading founders, foundations, VC firms, and communities within the on-chain ecosystem. Launched on October 23, 2024, the Patron NFT sale ended several hours later, surpassing the $67 million mark.

Infinex, unveiled in July 2024, aims to revolutionize the decentralized exchange landscape and compete with centralized exchanges. Synthetix, the parent company behind Infinex, is a DeFi protocol that enables users to create and trade synthetic assets on the Ethereum blockchain. Infinex seeks to enhance the DeFi experience for users while addressing key issues in the DEX market.

During the NFT sale, Infinex sold Patron NFTs to venture capitalists, angel investors, and crypto communities. Notable participants included Fund Founder, a venture fund backed by billionaire Peter Thiel, as well as Wintermute Ventures, Framework Ventures, and Solana Ventures. Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov were among the angel investors involved in the sale.

The Infinex Patron NFT collection, consisting of 43,244 NFTs, was distributed across various blockchain networks and is now available for resale on platforms like OpenSea and Blur NFT marketplaces. With a total value of $125 million, Infinex is set to make a significant impact in the crypto space.

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