The world of non-fungible tokens (NFTs) is rapidly evolving, and Tegro, an NFT-20 Exchange, is at the forefront of this revolution. Recently, Tegro secured a seed funding round of $100 million from Polygon Ventures and other private investors, catapulting its valuation to $100 million. Led by co-founders Siddharth Menon and Ashish Rawat, Tegro aims to simplify and democratize NFT trading, making it accessible to millions of users worldwide. In this blog post, we will explore the significance of Tegro’s funding, its features, and its potential impact on the NFT market.
Tegro Exchange: Revolutionizing NFT Trading
Tegro exchange is a platform that facilitates bulk trading of NFTs across various blockchain networks, including Ethereum, Polygon, and other EVM-compatible chains. The platform offers users the ability to buy, sell, and trade NFTs at incredibly low prices, with transactions starting as low as $0.02. By leveraging the decentralization offered by the NFT-20 protocol, Tegro empowers users to set up and manage decentralized markets for NFTs, providing liquidity services, pricing, and order matching.
The Vision of Tegro
Tegro’s co-founder and COO, Ashish Rawat, expressed the company’s ambitious vision of onboarding 100 million users into the world of NFT trading through their exchange. By creating a user-friendly and efficient platform, Tegro aims to make NFTs easily tradable for traders worldwide. The company’s goal is to bring simplicity, convenience, and accessibility to the NFT market, revolutionizing the way NFTs are bought, sold, and traded.
Polygon Ventures Backs Tegro
Polygon Ventures, one of the leading investors in the crypto space, has recognized the potential of Tegro and has shown its support by participating in the seed funding round. Shreyansh Singh, the head of investments at Polygon Ventures, highlighted Tegro’s ability to expand liquidity between cross-chain NFT markets, offering traders the same level of convenience and simplicity as fungible tokens. With Polygon Ventures’ backing, Tegro is poised to make a significant impact on the global NFT market.
Early Success and Future Prospects
Within its first month of operation, Tegro has already made a splash in the NFT space. Notable gaming projects like CropBytes, MetaStar Strikers, and MetaSaga Warriors witnessed trading volume increases of up to 100x on the platform. Tegro surpassed daily trading volumes of $75,000 during this period, signaling the platform’s growing popularity and potential for further growth.
Looking ahead, Tegro has exciting plans in store for its users. The company is set to announce “big partnerships” and launch a “massive airdrop campaign” to reward the community. Tegro is committed to continuous innovation, exploring cutting-edge tools and technologies to enhance the NFT trading experience for all users.
Tegro’s recent seed funding round and its innovative approach to NFT trading mark a significant milestone in the evolution of the NFT market. With its user-friendly platform, Tegro aims to bring NFT trading to the masses, making it accessible, convenient, and cost-efficient. Backed by Polygon Ventures and driven by a visionary team, Tegro has the potential to revolutionize the global NFT market and shape the future of digital asset trading. As the platform expands its partnerships and continues to innovate, it is an exciting time to be part of the NFT revolution with Tegro.