TipLink, a service for distributing Solana-based tokens or non-fungible tokens (NFTs) between non-crypto users with one link, has raised $6 million in a funding round co-led by Sequoia and Multicoin.
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The startup said in a blog announcement that other investors, including Circle Ventures, Paxos and Solana Ventures have also participated in the funding. The firm plans to use the proceeds for hiring and expanding API functions.
"Like Stripe helped create billion-dollar e-commerce businesses, TipLink can help create billion-dollar crypto companies," the developers wrote in the announcement.
For TipLink this isn't the first investment deal as the startup raised $500,000 from Alameda Research in January last year, according to data from Crunchbase.
Currently, TipLink does not take any fees for spending crypto, however, the platform's FAQ suggests the startup might change that in the future should the scale of the business become financially costly.
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