Ether.Fi has recently announced the completion of a $5.3 million investment round led by North Island Ventures and Chapter One, with 35 investors participating. Among them: Node Capital, Arrington Capital, Maelstrom, Version One Ventures and Purpose Investments.
The project is positioned as a decentralized solution where users retain control of their keys. By depositing funds, users receive NFTs with metadata that will be used to create a staking infrastructure.
Ether.Fi will use the funds to expand its development team and establish new partnerships. The launch of the protocol will take place on March 4 at the ETHDenver conference.