Ex-WazirX Co Founder Siddharth Menon raises seed capital for ‘Tegro’ NFT exchange at $100M valuation

Former WazirX Co-founder, Siddharth Menon along with OGA Fit founder, Ashish Rawat has successfully raised financing to a valuation of $100M in a recent seed funding round participated by Polygon Ventures and several other private investors.

This significant investment has propelled the beta launch of Tegro NFT20 exchange, solidifying its position as a game-changer in the global NFT trading industry.

This revolutionary exchange supports the NFT20 protocol that fungifies the illiquid NFTs across all the chains. NFT20 open protocol brings market efficiency and trader-friendly functionality to otherwise illiquid NFTs, akin to the seamless trading experience provided by ERC20 tokens. Tegro is at the forefront of this revolution, enabling users to engage in bulk trading of NFTs across Ethereum, Polygon, and other EVM-compatible chains.Tegro exchange boasts an impressive array of features designed to simplify and enhance the NFT trading experience. These include Binance like Order Book Trading, Auto-order Matching, trading against USDT pairs and a groundbreaking Zero Gas Fees system. By eliminating gas fees, the CEX aims to make NFT trading accessible to a wider audience. With a user-friendly interface and NFTs available for trading starting from as low as $0.02, Tegro is committed to introduce NFT trading to traders of all backgrounds from beginners to Protraders.

Currently, Tegro hosts over 15 NFT markets live on its exchange, encompassing prominent web3 projects like Axie Infinity, League of kingdoms, Decentraland, Cropbytes etc.

“Our ultimate mission is to onboard 100 million users into the world of NFT trading through Tegro exchange. Tegro envisions a future where NFTs are easily tradable by traders worldwide, driving widespread adoption and innovation in the digital asset space,” said Ashish Rawat, Co-founder and COO at Tegro.

With a proven track record in introducing cryptocurrency trading to 10M Indians through India’s largest crypto exchange – WazirX, Siddharth’s expertise and vision has guided Tegro in developing a trading platform that offers unparalleled accessibility and ease of use for NFT traders.In addition to its groundbreaking features, Tegro team has some exciting plans on the horizon. The team is gearing up to announce some big partnership announcements in coming months and a massive airdrop campaign for the community. Furthermore, Tegro is constantly exploring innovations in the NFT trading space to provide traders with cutting-edge tools and technologies to enable NFT trading for ALL.

For more information about Tegro, please visit https://tegro.com/exchange/

Editor’s Note: This press release is sponsored and was handled by Tegro, a content partner of The Mega Maxi. No member of our news or editorial team participated in publishing this piece.