# Arcade

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/arcade

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.arcade.xyz
- Total disclosed funding: $15M
- Latest round: Series A (Dec 22, 2021)
- Investors on record: 6

## About

Arcade is a decentralized lending platform designed to enable peer-to-peer lending and borrowing using non-fungible tokens (NFTs) and ERC-20 tokens, thus facilitating liquidity in the digital asset marketplace.Founded in 2021, Arcade specializes in leveraging NFTs as collateral for loans. The company primarily operates from its headquarters in New York, US. Arcade raised USD 15.00 mn in a Series A funding round on December 22, 2021, led by Pantera Capital, with participation from Castle Island Management, Eniac Ventures, Franklin Templeton, GoldenTree Asset Management, and Lemniscap. The founders, Gabe Frank and Robert Masiello, have backgrounds in blockchain technology and entrepreneurship.Arcade.xyz offers a decentralized platform for lending and borrowing, enabling NFT owners to use their digital assets as collateral for loans. The platform supports ERC-721 and ERC-1155 NFTs, with loans funded by ERC-20 tokens such as WETH, USDC, USDT, DAI, and APE. Governed by a decentralized autonomous organization (DAO), the platform allows $ARCD token holders to influence its direction, catering to global users interested in blockchain and decentralized finance (DeFi).Arcade.xyz generates revenue through transaction fees linked to its lending services. Users can list NFTs for loan offers or deposit assets into a Vault for borrowing. In transactions, NFTs are collateralized, with borrowers receiving funds in ERC-20 tokens. The dynamic marketplace operates with interest rates and terms set between borrowers and lenders, maximizing the utility of digital assets.Following the Series A funding round completed on December 22, 2021, Arcade aims to enhance its platform by designing new products and services, specifically targeting expanded use cases for NFTs. The company plans to penetrate new markets in North America, Europe, and parts of Asia by 2023. The latest funding will support these initiatives, enabling Arcade to strengthen its technological infrastructure and market presence.

## Funding rounds

- Series A, Dec 22, 2021, $15M — GoldenTree Asset Management, Eniac Ventures, Franklin Templeton, Pantera Capital, Castle Island Ventures, Lemniscap

## Investors

- GoldenTree Asset Management (https://capitalatlas.ai/funds/goldentree-asset-management) — Series A
- Eniac Ventures (https://capitalatlas.ai/funds/eniac-ventures) — Series A
- Franklin Templeton (https://capitalatlas.ai/funds/franklin-templeton) — Series A
- Pantera Capital (https://capitalatlas.ai/funds/pantera-capital) — Series A
- Castle Island Ventures (https://capitalatlas.ai/funds/castle-island-ventures) — Series A
- Lemniscap — Series A