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Tegro NFT20 Exchange raises seed funding from Polygon at $100M valuation

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1 year ago

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Tegro

Tegro, the NFT20 exchange raises seed funding from Polygon at a valuation of $100 million. Siddharth Menon, the co-founder of WazirX and Ashish Rawat, the founder of fitness startup OGA Fit, co-founds Tegro.

Basically, Tegro enables bulk trading of NFTs across Ethereum, Polygon, and other EVM-compatible chains. Any users can buy, sell, and trade NFTs on the platform for as low as $0.02.

Ashish Rawat, the co-founder and chief operating officer (COO) at Tegro, said, “Our ultimate mission is to onboard 100 million users into the world of NFT trading through Tegro exchange. Tegro envisions a future where NFTs are easily tradable by traders worldwide,”

Also, Shreyansh Singh, head of investments at Polygon Ventures, said, “By expanding liquidity between 15 cross-chain NFT markets, Tegro offers NFT traders the same level of convenience and simplicity as fungible tokens. We’re thrilled to back Tegro and believe that it will revolutionize the global NFT market by making it as fast, cost-efficient, and seamless as possible.”

The company also said, “Tegro is constantly exploring innovations in the NFT trading space to provide traders with cutting-edge tools and technologies to enable NFT trading for all.”

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

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Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.