NFT mortgage lending platform MetaStreet completes $25 million financing, with participation from Andrew Kang and others.

ChainCatcher news, the NFT collateral lending platform MetaStreet announced on social media the completion of a $25 million financing round, with participation from Andrew Kang, dingaling, GMoney, MrBlock, DCF God, Sisyphus, Spencer, FreeLunchCapital, Jae Chung, GoodAlexander, and others.

In addition, MetaStreet also announced the launch of ASCEND, aimed at facilitating entry into the illiquid credit market. The platform focuses on expanding on-chain debt scale, aiming to unlock untapped opportunities for NFTs and other illiquid assets.

MetaStreet is introducing Liquid Credit Tokens, which can provide scalable capital markets for on-chain illiquid assets.

According to the crypto data platform RootData, on October 14, 2022, MetaStreet completed a $10 million financing round, with participation from DragonFly Capital, Nascent, Ethereum Ventures, and others, bringing the total financing to $24 million.