Rarible – the online marketplace finalized numerous non-fungible token (NFT) listings – has reportedly managed to obtain $14.2 million via a funding round, led by different venture capital entities. 

Specifically, the freshly acquired fund will reportedly be channeled towards getting new talents onboard for Rarible, together with the release of a marketplace on the Flow blockchain.

Crypto investment group Coinfund and Venrock – the venture capital division of the Rockefeller family – reportedly took charge of leading the Series A fundraising round. 01 Advisors was also a participant in the fundraising. 

Furthermore, Rarible reportedly revealed its initiative to roll out an NFT marketplace on the Flow blockchain, equipping with facilitating features for NFTs minting while listing them on Rarible.

The platform additionally disclosed its collaboration with artists and creators including Maxim, Ghostface, Johnny Nunez, and Xeo Chu to release NFTs.

“Flow has a fantastic track record of bringing NFTs mainstream by creating native experiences for non-crypto audiences. As a blockchain, Flow enables easier access and lowers the entry barrier for consumers and brands via gasless minting, low-cost transactions, and scalability” Rarible co-founder Alexander Salnikov reportedly remarked. 

CoinFund previously formed an alliance with Venrock to back innovation in crypto and blockchain companies three years ago, during the initial coin offering bull run. The crypto investment entity from New York also invested anonymously into Rarible in September.

The NFT market value was reportedly equivalent to $338 million last year, with Rarible claiming at the time that the NFT sphere expected a 50% surge in development, capitalization-wise.