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Jorge Schnura’s Company Unlockd Has Announced $4.4 Million Seed Funding Round

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Unlockd is described as a protocol that allows users to borrow against their NFTs. They have just announced a $4.4 million seed funding round led by Blockchain Capital. The funding will apparently be used for product and development, cross-chain expansion, and a tier 1 auditor to ensure protocol security and marketing.

Sfermion, Spartan Group, and Play Ventures were also among those that participated in the round. Other investors included IDEO CoLab, Bitscale, Sanctor Capital, Eden Ventures, Caballeros Capital, Emfarsis, Crypto Plaza, Yield Guild Games (YGG), YGG SEA, BreederDAO, BlockchainSPACE, and angel investors such as YGG founder Gabby Dizon.

Unlockd’s pooled liquidity model allows NFT holders to borrow against their NFTs while still being able to use them. Founded earlier this year by the esports club MAD Lions founder Jorge Schnura. The eight-strong team at Unlockd already has a beta version on a testnet and its protocol is undergoing auditing. It will launch the UI for the testnet in September and launch on the mainnet in October, 2022. 

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