MetaStreet Raises $25 Million in Funding to Expand NFT Lending Platform

According to PANews, NFT collateral lending platform MetaStreet has announced the completion of a $25 million funding round. Participants in the investment include Andrew Kang, dingaling, GMoney, MrBlock, DCF God, Dingaling, Sisyphus, Spencer, FreeLunchCapital, Jae Chung, and GoodAlexander. Following its seed and venture rounds in 2022, which raised $24 million, MetaStreet's total funding now stands at $49 million. Previously, MetaStreet announced the launch of its ERC404 governance token, MSTR, aimed at addressing liquidity adjustments and exploring synergies between NFTs and governance tokens. MetaStreet claims that MSTR will redefine NFT finance while also pushing the project into its final decentralized stage.