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Idexo Raises $2.5 Million to build cross-chain NFT and gaming API

CryptocurrencySep 15, 2021 10:30AM ET
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Idexo Raises $2.5 Million to build cross-chain NFT and gaming API

Idexo is pleased to announce the completion of their $2.5 million funding round. Their mainstream solution facilitates the integration of non-fungible tokens and NFT marketplaces into any application or game. Through idexo’s (intentional little “i”) cross-chain NFT API (Application Programming Interface (NASDAQ:TILE)), anyone can build non-fungible tokens and NFT-oriented marketplaces into their applications.

Idexo has created a solution which is making NFTs more appealing to the mainstream. The use of blockchain wallets can be daunting and inconvenient. Moreover, using a blockchain wallet introduces new responsibilities that not everyone is prepared to deal with. A simpler and more accessible solution is required, and API keys hold the answer. With a few lines of code and a simplified economic model, transactions can occur through an API key rather than a blockchain wallet, streamlining both the developer and user experience.

Supported blockchains include Arweave, Avalanche, Ethereum, Binance Smart Chain, and Polygon. The team will expand support to other chains in the future.

Idexo’s cross-chain NFT API offers tremendous potential for application and game developers. As play-to-earn gaming has become a prominent trend, the API can make it easier to integrate NFTs or non-fungible token features into an application or game. Moreover, developers can use idexo’s solution to build an engaged, robust community. The NFT API can also serve many purposes in other industries where developers have not yet made the leap to blockchain integration.

Idexo recently completed a $2.5 million funding round with the help of Outlier Ventures, Floem Capital, InSquare Ventures, BlackDragon, Heat Capital, Panony, Aspectures Ventures, DAO Capital, CSP DAO, Defiants, C2G Ventures, Crypto Avengers, Moonwhale Ventures, and Titan Ventures.

The idexo team commented on the successful funding round:

“We are grateful for the confidence our many visionary investors have shown in idexo. We have been able to leverage their myriad talents as well as investment to gain insights, introductions and advice that continue to help us execute at a lightning pace in growing our community through NFTs, building out our roadmap and now signing up new CDK customer partners.” Jamie Burke from Outlier Ventures explained the reason for their investment:

"The idexo team understands that for the mainstream appeal of Web 3 tech to become a reality, it needs to offer an easy way to abstract away the intricacies of individual blockchain protocols and render them invisible."

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Idexo Raises $2.5 Million to build cross-chain NFT and gaming API
 

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