Novogratz Backs Virtual Real Estate Developer Republic Realm
Main page News, Michael Novogratz, Crypto Market, NFT
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June 30, 2021

Galaxy Interactive, the venture capital arm of Mike Novogratz’s Galaxy Digital, has joined the funding round for virtual real estate developer Republic Realm as a lead investor, Reuters reports, citing Janine Yorio, managing director of Republic Realm.

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According to Yorio, the firm raised as much as $10 million. However, it remains unclear how much Galaxy Interactive invested in the firm. Founded in March 2021, the firm is focused on acquiring virtual real estate in a form of a non-fungible token (NFT).

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Earlier iHodl reported that Argo Blockchain, a cryptocurrency mining service provider, got a $20 million loan backed by bitcoin (EXANTE: Bitcoin) from Galaxy Digital. The UK-based mining firm wants to use the six-month loan agreement to build more mining facilities in Texas.

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