‘Stripe for NFTs’ NFTPort Raises $26 Million Series A

Taavet+Sten and Atomico, a European venture capital group with $4 billion in assets under management, led a $26 million Series A round for NFTPort, a non-fungible token (NFT) infrastructure startup. The fund will help scale the core product, allowing developers to deploy NFT apps swiftly. NFTPort CEO and co-founder Johannes Tammekänd, “We’re one of the biggest NFT infrastructure providers. You can think of us as the Stripe or AWS [Amazon Web Services] for NFTs,” “One of the main challenges that organizations and developers encounter when developing NFT products is a lack of sufficient infrastructure,” Tammekänd added. Tammekänd, who has a background in cybersecurity and first became interested in blockchain technology in 2014 when investigating Tor and Bitcoin for NATO. “Our infrastructure brings their goods to market down from months to days or even hours and saves them hundreds of thousands of dollars.” Estonia-based NFTPort to Expand to Additional Blockchains According to Tammekänd, the money will enable Estonia-based NFTPort to expand to additional blockchains, introduce new functionality, and build up the team. The company also intends to launch a decentralized NFT infrastructure technology. Taavet+Sten is a joint venture between Taavet Hinrikus, co-founder of Wise, and Sten Tamkivi, co-founder of Teleport, a city comparison tool. Tamkivi will become a co-founder of NFTPort. Rain Johanson, the former CTO of Bolt, will joi...