Few and Far, a British Virgin Islands-based digital Collectibles web3 platform, has raised $10.5 million in a funding round led by California-based investment firm focused exclusively on Bitcoin, other digital currencies, and companies in the space, Pantera Capital (also backed Pinata). Previously, it has also invested in NFT distribution platform for Web3 developers, Pinata.
The Few and Far round also witnessed support from some other leading VCS in the space including, Cypher Capital, Huobi Ventures, Hypersphere, Lyrk Ventures, Mantis Partners, K5 Global, and many more.
The funds will enable Few and Far further expand the platform’s capabilities, enhance the user experience, and increase the number of web3 developers, plus IP owners that can benefit from the platform.
“We are thrilled to have Pantera Capital lead our latest funding round,” said Chris Gale, Few and Far’s co-founders. “Their experience and expertise in the blockchain space will be invaluable to us as we continue to grow and innovate. With this backing, we are well-positioned to continue to lead the way in the web3 space.”
One-stop shop for digital collectibles
Founded by Chris Gale, Taj Tarsha, and Chris Hayes in 2022, Few and Far is a one-stop destination for digital collectibles, including a suite of developer tools.
It is built on NEAR Protocol and has been awarded a grant by the NEAR Foundation and a partnership to increase the advancement of NFTs across the ecosystem, last year.
As a high-performance, carbon-neutral protocol which is fast, secure, and infinitely scalable, NEAR has become popular among developers and creators.
At the same time, NEAR protocol also announced the launch of an operating system (OS) that developers can build into and users can interact with as a single platform called Blockchain Operating System (BOS) at the ETH Denver conference.
Minting digital assets and crypto collectibles on NEAR brings significant added value to end-users who are looking to create, buy, sell, and auction NFTs. NEAR Protocol fees are usually 38 hundred percent lower than Ethereum’s.
According to Mareike Flament, CEO of Near Foundation, Few and Far is an exceptional next-generation NFT marketplace. “The platform released by Few and Far stands out with its highly user-friendly onboarding process for web3, while also being fully on-chain and non-custodial”.
Few and Far works with some of the largest brands in web3 to assist creators in releasing and exhibiting their digital artwork while ensuring that royalties and IPs are safeguarded.
“We are proud investors in Few and Far and support their mission to bring NFTs to the mainstream. The market has recently seen a systemic shift in royalties. Few and Far’s technologies solve this and protect IP holders’ revenue models. This is gaining interest from the world’s leading brands that can no longer work with the likes of OpenSea. We are excited to back what we feel is one of the strongest web3 teams out there .” shares Paul Veradittakit, General Partner of Pantera Capital.
He continues “The Few & Far teams have built a platform with one of the best UI/UX experiences, advanced infrastructure, and an active community and we’re excited about their ambitious product roadmap and upcoming partnerships.”