NYIAX, this week announced it has successfully closed another $5.65 million in its latest seed funding round led by WestPark Capital. This brings the company’s total funding to $16 Million.
Developed in partnership with Nasdaq, NYIAX combines a patented Financial Matching Engine℗ with blockchain technology for the advertising industry. NYIAX provides advertisers and publishers a platform to buy, sell, and re-trade premium advertising contracts in a forward/futures methodology.
“With the NYIAX platform live with first trades on the schedule for next month, agency holding company partnerships in play, the integration of Rebel AI’s passport into our marketplace and other media companies now beginning to adopt our patent-pending trading method into their own platforms, it’s a very busy and exciting time,” said Carolina Abenante, founder, executive vice chairperson, chief strategy officer and general counsel for NYIAX. “We are delivering on our promise to put power back into the hands of buyers and sellers and we are grateful for this latest seed investment.”