Solana-based NFT Utility Protocol Cardinal Raised $4.4M in Seed Round Co-led by Solana Ventures and Protagonist

Solana-based NFT utility protocol Cardinal announced that it has closed a $4.4m seed funding round co-led by Solana Ventures and Protagonist, with participation from Animoca Brands, Alameda Research, Delphi Digital and CMS Holdings. The fund raised will be used to hire staff. Cardinal aims to improve the utility of NFTs by offering NFT use cases such as rentals, staking and ticketing.