Reservoir, NFT infrastructure provider for Coinbase and MetaMask, raises $14M.

Reservoir, an NFT infrastructure provider collaborating with platforms like Coinbase, MetaMask, and Magic Eden, has successfully raised $14 million in a Series A funding round led by Union Square Ventures. Additional participants in this round include Variant, Archetype, and Square Peg Capital. The newly acquired funds are earmarked for expanding Reservoir's infrastructure to support NFT trading across additional marketplaces and networks. This expansion encompasses the development of tools for indexing token images and data, as well as facilitating interactions with decentralized exchanges and NFT markets.

A notable decline in NFT trading volumes in recent years, Reservoir's co-founder and COO, Jason Maier, remains optimistic about the transformative potential of NFTs in digital ownership. He acknowledges the market's past speculative excesses but emphasizes the enduring significance of NFTs as unique digital tokens. Reservoir's technology is instrumental in creating a unified market for NFTs by offering robust token indexing, aggregating liquidity across marketplaces, and providing APIs and developer tools utilized by major platforms such as Coinbase, MetaMask, and Magic Eden.

This funding round underscores a sustained interest in NFT infrastructure development, even amid fluctuating market dynamics. Reservoir's commitment to enhancing NFT trading infrastructure aims to support the evolving landscape of digital assets and their applications.

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