NFT Media Management Platform Pinata Attracts $21.5M

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Pinata, an NFT-focused media distribution platform that provides an infrastructure based on the IPFS protocol to create and support NFT marketplaces, metaverses, Web3 applications and other crypto projects, has recently completed a funding round in which it has raised a total of $21.5 million from Pantera Capital, Greylock and other investors.

Pinata co-founder and CEO Kyle Tut has said that the $18 million Series A and $3.5 million seed rounds were led by Pantera Capital, Greylock and Offline Ventures, with participation from Volt Capital, OpenSea and Alchemy.

Thanks to this platform, users can manage and monetize media files on a wide range of blockchains, including Ethereum, Solana, Polygon, Avalanche and Algorand.

Among the company’s clients are OpenSea, DraftKings, Protocol Labs and Yuga Labs.

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