Aiming to increase the usage areas of non-fungible tokens and using the Solana infrastructure, Cardinal received funding worth $4.4 million.
Cardinal, which was established eight months ago, received its first seed investment. Contributors to the project include Solana Ventures, Animoca Brands, Alameda Research, Delphi Digital and CMS Holdings.
Using the Solana blockchain, Cardinal provides users with the NFTs they own. Possibility to stake and lease knows.
The Cardinal team launched the platform where NFTs can be rented earlier this year. This platform is expected to be updated in the coming days.
According to the statement made by Cardinal, users are already using this platform. More than 65,000 NFTs they staked.
There are currently four people on the Cardinal team. The company’s plan, using the funding it receives, to enlarge the staff aims.
Cardinal, together with this seed investment, $5.2 million worth of investment. The company organized last year pre-seed investment from Neo Ventures 750 thousand dollars had received.