• About
  • Advertise
  • Contact Us
URECOMM
  • Home
  • THE CRYPTO SHOP
    • Crypto Miners
    • Crypto Wallet
  • Trade
  • News
  • Altcoins
  • Regulation
  • NFT
  • Metaverse
  • COINS
    • XRP
    • BTC
    • ETH
    • XMR
    • LTC
No Result
View All Result
  • Home
  • THE CRYPTO SHOP
    • Crypto Miners
    • Crypto Wallet
  • Trade
  • News
  • Altcoins
  • Regulation
  • NFT
  • Metaverse
  • COINS
    • XRP
    • BTC
    • ETH
    • XMR
    • LTC
No Result
View All Result
URECOMM
No Result
View All Result
ADVERTISEMENT
Home NFT'S

Latin American NFT marketplace Minteo raises $4.3M seed round • TechCrunch

URECOMM NEWS by URECOMM NEWS
February 18, 2023
in NFT'S
0
Latin American NFT marketplace Minteo raises $4.3M seed round • TechCrunch
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

$17 Million CryptoPunks NFT Dump

$17 Million CryptoPunks NFT Dump

March 23, 2023
Magic Eden Takes a Step into the Bitcoin NFT Market

Magic Eden Takes a Step into the Bitcoin NFT Market

March 23, 2023
ADVERTISEMENT

The major hype around NFTs may have died down a bit since the crypto subsector took off last year, but that isn’t stopping startups from building and raising capital in the space.

Minteo, a Latin American-based NFT marketplace, is betting on the digital asset sector going big in the region after it raised $4.3 million in seed funding, the company exclusively told TechCrunch.

Investors in the round include Fabric Ventures, Dune Ventures, CMT Digital, Impatient VC, Susquehanna Private Equity Investments, SevenX Ventures, FJ Labs, Big Brain Holdings, G20 Ventures, Alliance DAO, Zero Knowledge and several angel investors.

Interestingly enough, OpenSea Ventures also participated in the round, even though their NFT marketplace is the largest in the space and technically will compete with Minteo.

“On OpenSea there’s a bunch of categories, it’s hard to navigate and unless you’re in the top collection it’s hard to reach an audience if you’re a creator,” William Durán, CMO of Minteo said to TechCrunch. “We’re trying to simplify the user experience from the infrastructure part, while making it easier for them to access local content on mobile.”

While there are other NFT marketplaces both in Latin America and around the world, Minteo plans to differentiate itself through its infrastructure and focus on working with local artists and brands, among other things, Santiago Rodríguez, CEO of Minteo, said to TechCrunch. “So this all adds up to a very different product at the end of the day.”

An image of Sebastian Salazar, Santiago Rodriguez, Javier Lozano & William Duran (Co-Founders at Minteo). Image Credits: Mariana Reyes

Minteo co-founders Sebastian Salazar, Santiago Rodríguez, Javier Lozano and William Durán. Image Credits: Mariana Reyes

“The idea is to work with top artists in the region, the top 40-50 artists in each country,” Durán said. “They don’t necessarily have to be involved with NFTs yet, this can be their gateway into it and we want to help artists get into NFTs.”

Minteo is targeting its beta version to be released next month, Rodríguez said. The platform should be fully live to the public by the beginning of 2023.

The capital will be used to build up the platform, get artists on board from Colombia and Mexico then over time expand into other Latin American countries, Rodríguez said.

In addition to an NFT marketplace, the platform will also have a mobile wallet and fiat on-ramps through its “three-in-one product,” Rodríguez said. “No one really needs to know the technical stuff, so we’re making it simple and building it on mobile because about 70% of Latin American commerce is mobile. People don’t really use desktops.”

With that said, Rodríguez said he is already seeing a lot of interest for NFTs in Latin America.

“In Latin America, we’re all fun, great dancers and love music and arts. That’s when we realized, what’s taken off in NFTs so far is the cultural communities and that has a huge cultural opportunity for Latin America,” Rodríguez said. “But right now, crypto is difficult to get in the first place…a lot of exchanges don’t work well, only very technical people are using it. Outside of technical circles, usage is currently limited.”

In the long term, Minteo hopes to make buying and selling NFTs “as simple as possible like one-click shopping,” Durán noted.

“There’s so many things down the road with this,” Rodríguez said. It’s a completely new technology that can change the access to anything. Our vision is to continue building on new use cases and drive real values from NFTs.”

Share76Tweet47

Related Posts

$17 Million CryptoPunks NFT Dump

$17 Million CryptoPunks NFT Dump

by URECOMM NEWS
March 23, 2023
0

The NFT market has been hit by a major event recently as CryptoPunks, the darlings of the industry, experienced a...

Magic Eden Takes a Step into the Bitcoin NFT Market

Magic Eden Takes a Step into the Bitcoin NFT Market

by URECOMM NEWS
March 23, 2023
0

Magic Eden, a prominent NFT platform, recently launched a Bitcoin NFT marketplace, making digital inscriptions accessible to the masses. Ordinals,...

EXIT Festival Secures Collaboration with NFT-TiX

EXIT Festival Secures Collaboration with NFT-TiX

by URECOMM NEWS
March 23, 2023
0

EXIT Festival has announced a long-term partnership with NFT-TiX, a revolutionary ticketing platform. The collaboration aims to provide attendees with...

Nike and RTFKT Debut IRL Air Force 1 Sneakers

Nike and RTFKT Debut IRL Air Force 1 Sneakers

by URECOMM NEWS
March 23, 2023
0

In the world of fashion, exclusivity is king. The more unique and rare an item, the more coveted it becomes....

CryptoPunks Surpasses BAYC in Market Cap

CryptoPunks Surpasses BAYC in Market Cap

by URECOMM NEWS
March 22, 2023
0

The battle between NFT collections for supremacy has been heating up recently, with CryptoPunks emerging as the current leader over...

Load More
  • Trending
  • Comments
  • Latest
Why is the crypto market up today?

Why is the crypto market up today?

March 18, 2023
‘Crypto FUD’ — Industry outraged as White House report slams crypto

‘Crypto FUD’ — Industry outraged as White House report slams crypto

March 22, 2023
Bitcoin price hits $27K in new 9-month high as Fed injects $300B

Bitcoin price hits $27K in new 9-month high as Fed injects $300B

March 19, 2023
Top Solana NFT projects DeGods and y00ts to leave the blockchain and ‘explore new opportunities’ • TechCrunch

Yakoa raises $4.8M to help detect NFT fraud for platforms and creators

March 21, 2023
Crypto reform coming to US in 2023, says former White House chief of staff

Crypto reform coming to US in 2023, says former White House chief of staff

March 24, 2023
Bitcoin breaks above US$28,000 as Do Kwon detained in Montenegro

Bitcoin breaks above US$28,000 as Do Kwon detained in Montenegro

March 24, 2023
Bitcoin erases Fed losses as traders eye $40K BTC price target

Bitcoin erases Fed losses as traders eye $40K BTC price target

March 24, 2023
Best Crypto to Buy Now 23 March – ALGO, LHINU, LTC, FGHT, LINK, CCHG, TARO

Best Crypto to Buy Now 23 March – ALGO, LHINU, LTC, FGHT, LINK, CCHG, TARO

March 24, 2023
URECOMM

URECOMM Crypto , NFT & METAVERSE News Magazine. A Fungible Destination for the NonFungible World of Cryptocurrency, NFT's, Gaming & Blockchain.

Latest News

  • Altcoins
  • Bitcoin
  • Crypto News
  • Ethereum
  • Litecoin
  • Metaverse
  • Monero
  • NFT'S
  • Press Releases
  • Regulation
  • Uncategorized
  • XRP

Tags

ai art Altcoins dark web FTX hack NFT Ripple Sam Bankman-Fried what is bitcoin XRP
  • Contact Us
  • Advertise
  • Privacy Policy

© 2023 URECOMM - Garcia CO

No Result
View All Result
  • Home
  • THE CRYPTO SHOP
    • Crypto Miners
    • Crypto Wallet
  • Trade
  • News
  • Altcoins
  • Regulation
  • NFT
  • Metaverse
  • COINS
    • XRP
    • BTC
    • ETH
    • XMR
    • LTC

© 2023 Urecomm - Garcia CO