NFT mortgage lending platform MetaStreet raised US$25 million, with Andrew Kang and others participating in the investment

MetaStreet, an NFT mortgage lending platform, announced the completion of US$25 million in financing on the MetaStreet’s total funding follows $24 million in seed and venture rounds in 2022, bringing its total funding to $49 million. It is reported that the company is building a decentralized interest-bearing token platform with the aim of "unlocking $3.5 billion in revenue opportunities in the NFT market." Specifically, MetaStreet is introducing Liquid Credit Tokens, which can provide a scalable capital market for illiquid assets on the chain. MetaStreet also announced the launch of Ascend, a platform designed to facilitate access to illiquid credit markets. The platform is centered around scaling on-chain debt and aims to unlock untapped opportunities in NFTs and other illiquid assets.