MetaStreet Receives $10 Million Investment to Launch PowerSweep

MetaStreet is a decentralized NFT financialization platform focused on the Metaverse. Recently, MetaStreet received a $10 million investment to launch its new project, PowerSweep. MetaStreet has increased its total financing to $24 million with the $14 million investment it received last year.

The investment round included existing investors such as Dragonfly Capital, Nascent and Ethereal Ventures, as well as new investors such as Fintech Collective, DCG, TheLAO, Focus Labs, Mirana Ventures, Metaversal, OpenSea Ventures, Ledgerprime, Meta4 and Flying Falcon. MetaStreet co-founder Conor Moore said in an interview with Blockworks that all the investment raised will be used for product development, marketing and recruitment processes.

MetaStreet
MetaStreet

About PowerSweep

PowerSweep, MetaStreet’s new project, is a leveraged trading platform for NFTs. MetaStreet supports the PowerSweep project with Reservoir Protocol. To put it simply, PowerSweep offers its traders the opportunity to trade with leverage instead of their capital. PowerSweep offers some opportunities to its users. Let’s explore these opportunities together.

1-Allows users to leverage their NFTs up to 3x margin leverage.

PowerSweep Leverage
PowerSweep Leverage

2-It provides the opportunity to extend the transaction for up to 30 days at any time.

PowerSweep Extend Leverage
PowerSweep Extend Leverage

3-It provides an opportunity to make transactions without liquidity risk. (You can list your NFTs via Opensea while the process is in progress.)

PowerSweep Liquidity
PowerSweep Liquidity

For more information you can visit: www.metastreet.xyz

References

www.metastreet.xyz

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