Infinex DEX has amassed over $67 million through NFT sales to VC firms, investors, and the community.

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Infinex, an upcoming decentralized exchange platform being developed by Synthetix, recently successfully raised over $67 million through the sale of Patron NFTs. The Infinex Patron non-fungible token sale, which began and concluded yesterday, attracted prominent venture capitalists, angel investors, and members of the NFT and cryptocurrency communities.

Infinex raises over $67 million through NFT sales

In a blog post on October 28, Infinex confirmed that the backer NFT sale has been completed, with support from leading founders, foundations, VC firms, and communities across the on-chain ecosystem. This fundraising model, which has enabled Infinex to raise over $67 million, began selling Patron NFTs on Monday, October 23, 2024, and concluded successfully a few hours later.

We are excited to announce the completion of our $67.7 million backer sale, with support from leading founders, foundations, funds, and communities across the on-chain ecosystem.
Infinex is ushering in the next phase of the industry: the “post-CEX era.” pic.twitter.com/MVxrObVrbn
— Infinex (@infinex_app) October 28, 2024

Unveiled in July 2024, Infinex is Synthetix’s decentralized exchange platform designed to compete with 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 solve major decentralized exchange (DEX) market problems while streamlining the DeFi experience for users.

During the latest round of funding, Infinex sold Patron NFTs to venture capitalists, angel investors, and the cryptocurrency community. Venture capital firms involved in the NFT sale included Fund Founder, a San Francisco-based venture fund backed by billionaire Peter Thiel that invests in innovative technologies. Peter Thiel is an American entrepreneur, venture capitalist, and co-founder of PayPal.

Infinex Backer NFT Overview

Other venture capital firms involved in the Infinex NFT sale include Wintermute Ventures, Framework Ventures, and Solana Ventures. Other angel investors involved in the sale include Ethereum co-founder Vitalik Buterin, Solana co-founder Anatoly Yakovenko, and Aave founder Stani Kulechov. Infinex’s current total valuation is $125 million.

During the NFT auction, 43,244 Patron NFTs were sold across Ethereum, Solana, Arbitrum, Base, Polygon, and Optimism. These NFTs have been distributed to buyers on the Ethereum blockchain and are now available for resale through 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.

You can now withdraw unlocked patrons. Find the official collection link below ⤵️
Official Magic Eden: https://t.co/ZvYgLtFm92
Official Blur: https://t.co/MoEdFEV3JR
Official OpenSea: https://t.co/I1vFPbj2Ed
Backers are helping write the next chapter of cryptocurrency.
— Infinex (@infinex_app) October 28, 2024