Wednesday, January 22, 2025

Peter Thiel-backed Fund Boosts Infinex NFT Investments to $67.7M

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Originally published on: October 28, 2024

In just six weeks since its launch, Infinex’s NFT collection, Patrons, has soared past $67.7 million in total investments, defying the market trend. Thanks to the support from Founders Fund, co-founded by billionaire Peter Thiel, the Patrons NFT collection has hit the impressive $67 million milestone.

The non-fungible token platform prides itself on being non-custodial, offering easy access to onchain protocol and decentralized applications (DApps). In an announcement on Oct. 28, Infinex declared its mission to pave the way for the “post-CEX era” in the industry.

Exciting news for investors came with the unlocked Patrons NFTs being made available for withdrawal starting on Oct. 28. This means users can now sell their NFTs on popular marketplaces like OpenSea, where the floor price starts at 1.22 Ether (ETH), equivalent to over $3,086 at the current rate.

Early supporters of Infinex’s Patrons collection include Solana Ventures, WMT Ventures, Variant Fund, Hi Framework, Moonrock Capital, WOrmhole, and Pyth Network.

As the story continues to evolve, stay tuned for more updates on this flourishing development in the NFT market.

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