Minteo, a Latin American NFT marketplace, has acquired $4.3 million in preliminary investment from a group of investors. Open Sea, Fabric Ventures, Dune Ventures, CMT Digital, Impatient VC, Susquehanna Private Equity Investments, SevenX Ventures, FJ Labs, Big Brain Holdings, G20 Ventures, Alliance DAO, Zero Knowledge, and other angel investors are among those that participated in the round.
Despite the existence of other NFT marketplaces in Latin America and throughout the world, Minteo intends to differentiate itself by focusing on local artists and companies.
“The idea is to work with top artists in the region, the top 40-50 artists in each country,” William Durán , cofounder of Mateo said in a press release. “They don’t necessarily have to be involved with NFTs yet, this can be their gateway into it and we want to help artists get into NFTs.”
“There is significant demand from the Latin American community for an NFT marketplace that suits local creator needs and that integrates local payment methods. To amplify NFT adoption in the region, we need to leapfrog fungible tokens by offering integrated fiat on-ramps,” said Javier Lozano, co-founder and Chief Technology Officer of Minteo. “Minteo’s focus on truly empowering creators, collectors, and other users – combined with its simple, easily navigable interface – will lower the barrier for entry for Latin Americans to NFTs and move us closer to a future of frictionless, true digital ownership on a global scale.”
