Singapore  - SETNFT, a blockchain and non-fungible token (NFT) platform, has raised $12 million as part of its latest funding round.

Investors in this second tranche included Blue Pool Capital, Samsung Venture,NFT Capial, and other prominent investors.

The last round of this round was in March, led by OUTPOST VC and CRYTO VENTURE CAPITAL.

OUTPOST VC (precision capital) is a silicon-dollar base. It was established in 2015 and mainly invests in blockchain, virtual reality, and intelligence. Industry benchmarks such as Anderson Foundation, Singing Investment, and American Family Foundation are all close partners of the Foundation.

Crypto Capital (CRYTO VENTURE CAPITAL) is a leading global investment institution that focuses on blockchain project investment and incubation, and is dedicated to creating long-term value for investors and companies.

Founded in 2020，The SETNFT platform will facilitate the "one-click on-chain" of artworks, IP works, copyright works, collectibles, etc., so that all tradable assets can be re-estimated in value.

SETNFT platform mainly includes NFT asset confirmation, casting, trading, NFT lending, liquid mining, ETF and other derivatives circulation, NFT data distribution storage, DAO governance, etc. The entire system provides NFT production, circulation, lending, liquidity provision, and data storage functions. Build a complete framework so that everything can be created as NFT.

The statement stated that the new funds will be used to fund technology development, product development and popular intellectual property licensing.