As visions of a popularized metaverse race toward reality, venture capital firms are backing companies that offer lending and leasing services for digitally owned assets.
The latest company looking to enter this futuristic market is Pawnfi, an alternative asset-lender that just raised $3 million in a funding round led by Digital Currency Group and joined by non-fungible token (NFT) heavy hitters Animoca Brands and Dapper Labs. (DCG is the owner of an editorially independent CoinDesk.)