Infinex DEX Amasses +$67M via An NFT Sale To VC Firms, Investors & Community

Infinex, an upcoming decentralized exchange platform under development by Synthetix, has successfully amassed more than $67 million through its recent Patron NFT sale. The Infinex Patron non-fungible token sale, which launched and concluded yesterday, attracted participation from notable venture capitalists, angel investors, and members from the NFT and crypto communities.

Infinex Raises +$67M In An NFT Sale

In an October 28 blog post, Infinex confirmed the completion of its patron NFT sale with support from leading founders, foundations, VC firms, and communities across the on-chain ecosystem. This fundraising model, which has enabled Infinex to raise more than $67 million, launched its Patron NFT sale on Monday, October 23, 2024, and ended successfully several hours later.

Unveiled in July 2024, Infinex is a decentralized exchange platform from Synthetix designed to rival centralized exchanges. Synthetix is a decentralized finance (DeFi) protocol that allows users to create and trade synthetic assets, or “Synths,” on the Ethereum blockchain. Infinex aims to streamline users’ DeFi experience while addressing prominent decentralized exchange (DEX) market issues.

During its recent funding, Infinex sold Patron NFTs to venture capitalists, angel investors, and the crypto communities. The venture capital firms that participated in the NFT sale included Fund Founder, a San Francisco-based venture fund backed by Billionaire Peter Thiel that invests in revolutionary technologies. Peter Thiel is an American entrepreneur, venture capitalist, and co-founder of PayPal.

Infinex Patron NFT Overview

Other venture capital companies that participated in the Infinex NFT sale included Wintermute Ventures, Framework Ventures, and Solana Ventures. Other angel investors in the sales included Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov. Infinex currently has a total value of $125 million.

During the NFT auction, 43,244 Patron NFTs were sold across Ethereum, Solana, Arbitrum, Base, Polygon, and Optimism. These NFTs were distributed to purchasers on the Ethereum blockchain and are now available for reselling via the OpenSea and Blur NFT marketplaces. The Infinex Patron NFT collection is an NFT collection featuring a limited edition of 100,000 NFTs hosted on the Ethereum blockchain network.

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