Peter Thiel’s Founders Fund Fuels Infinex’s NFT Revolution, Here’s How

The new Infinex “patronage” fundraising model has unveiled Peter Thiel’s Founders Fund as one of its investors. This announcement came as the sale officially closed on Monday. The fundraising round, called the “Patron Sale,” successfully raised $67.7 million.

In a post on X, Infinex revealed that it would usher in the “post-CEX era,” which suggests a phase beyond the traditional centralized exchanges (CEX) in the crypto world.

Peter Thiel and The Infinex Backers

According to the update, notable entities, including venture capitalists, angel investors, and the community, contributed to the amount raised. Other venture capital firms that participated were Framework Ventures, Solana Ventures, and Wintermute Ventures. The angel investors include Solana co-founder Anatoly Yakovenko, Ethereum co-founder Vitalik Buterin, and Aave founder Stani Kulechov.

Sales were made across different platforms, such as Base, Ethereum, Arbitrum, Solana, Polygon, and Optimism. A total of 43,244 Patrons were sold. The NFTs distributed to buyers on the Ethereum blockchain have now been made available for purchase on the OpenSea and Blur NTF marketplaces.

Infinex’s Vision: A Decentralized Exchange with Centralized Appeal

Infinex is a decentralized exchange platform designed to offer users an experience similar to centralized exchanges. Founded by Kain Warwick, Infinex says its vision remains unshaken as it hopes to cause the extinction of centralized exchanges. Warwick says Infinex will achieve this by providing a seamless multichain user experience.

Additionally, the exchange provides users with a safe channel to get onchain. As per the Infinex platform, it claims to have $125 million in Total Value Locked.

Scaling for Growth and Expanding Features

With this funding secured, Infinex plans to scale and achieve feature equality with centralized exchanges. This will involve integrating spot trading, derivatives, and other functions into the exchange. Given the array of investors who have decided to fund the project, the broader crypto community anticipates significant growth from Infinex.

Peter Thiel has always prioritized strategic decision-making in investments. The tech billionaire invested about $200 million in Bitcoin and Ethereum in 2023, just before the bullish spike of the assets. Thiel has also made significant investments in Ondo Finance, Layer N, and many others.