Bounce Raises a Funding Round from Coinbase Ventures, Pantera, Blockchain Capital to Build NFT Auction House
San Francisco, March 15th — Bounce Finance announced that it has raised a new funding round. Investors include Pantera, Coinbase Ventures, Hashed, Fundamental Labs, DHVC, Blockchain Capital, and SNZ capital who have recently invested in Bounce. Raised funds will be used to build an NFT marketplace and ecommerce platform described by the founders as “Shopify for NFTs”.
Launched in mid 2020, Bounce Finance is a decentralized auction protocol that provides a competitive swap environment, unlocking the potential of open finance. Following the increased demand from the community, Bounce is expanding with a separate NFT branch. Bounce NFT will become one of the four branches powered by the Bounce (AUCTION) token that also include Bounce Decentralized, Bounce Certified and Bounce Polkadot.
Chandler Song, co-founder of Bounce: “We are excited to be building the next generation NFT auction house with the leading investors in the industry onboard.”
The new funding will also help make Bounce an all-inclusive auction protocol for the industry.