NFT platform Colexion secures $5 million in funding

New Delhi: Colexion, a celebrity NFT platform, on Saturday announced that it has raised over $5 million in funding. The latest funding will help the platform build and expand its metaverse infrastructure.

“We at Colexion aim to increase NFT adoption via seamless, affordable and easy to understand NFT ecosystem and partnering with these industry giants will help in strengthening our long-term objective and expand our metaverse,” Abhay Aggarwal, founder and chief executive officer, Colexion said.

Colexion is a platform that allows fans to buy, trade and sell digital collectibles in the form of NFTs.


“As a company, we will continue to focus on building a more robust economy and innovate our product portfolio to leverage brand partnerships in a much more efficient manner,” Aggarwal added.

The NFT platform previously raised $1.8 million in a seed round and $3.2 million in a private round. Colexion is back by Polygon, Jump Trading investments, Alan Howard of Brevan Howard, HyperEdge Capital, C² Ventures, GSR, Oracles Investment Group (OIG), Gains Associate and several other prominent names like ZBS Capital, ICO Pantera, Titan Ventures, Good Games Lab, Maven Capital, among others.

Several launchpads, including Redkite, Prostarter, Scaleswap, Firestarter, and others, will support the native $CLXN utility coin, the platform said in a statement. Trading of $CLXN will occur on some of the top exchanges, it added.