Last year, the firm raised $750,000 in pre-seed funding from Neo Ventures. The seed funding round brings Cardinal's total funding to date to $5.2 million. Each puzzle begins with a monochrome grid of numbers, plus a few colored cells. "We have cross-chain aspirations and plan to explore building on EVM chains and others like Near and Aptos at some point," said Rust. A minimalist puzzle game centering on the concept of non-decreasing sequences. While Cardinal is for now only focused on Solana, it plans to support other blockchains in the future. With fresh capital in hand, the firm plans to hire at least three more in engineering and business development functions, said Rust. There are currently four people working for Cardinal. "Among other verticals, we've seen this be especially beneficial to gaming projects that want to create staking initiatives for their users without compromising their ability to play the games."Ĭardinal says more than 65,000 NFTs have already been staked with its protocol. The startup also offers "escrow-less" NFT staking, which allows stakers to continue benefiting from any utility their tokens offer, Rust said.
He shared his predictions for the year ahead and how. It expects to release the second version in the coming days with a redesigned user interface and experience. Walsh has been working with Cardinal Health on a variety of initiatives as a trusted supply chain expert. Rentals, for example, allow rented NFTs to "physically sit in renters' wallets while maintaining the impossibility of default," Cardinal co-founder and CEO Spencer Rust told The Block.Ĭardinal launched the first version of its rental marketplace earlier in the year and "several thousand rentals" have already been executed through the platform, said Rust. Those users who appreciated the uniqueness of Daniel Noras challenging puzzle game just cant stop playing this exciting game. Animoca Brands, Alameda Research, Delphi Digital and CMS Holdings also participated.įounded eight months ago, Cardinal offers a Solana protocol with use cases such as rentals, staking and ticketing to help improve the utility of NFTs. Sharing the news with The Block on Friday, Cardinal said newly launched crypto venture capital firm Protagonist and Solana Ventures co-led the seed round. Cardinal, a Solana-based infrastructure protocol that aims to improve the utility of non-fungible tokens (NFTs), has raised $4.4 million in a seed funding round.
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