Paradigm Leads $20M Round for Fractional Rebrand to Tessera
- NFTs
- DeFi
Paradigm led a $20 million funding round on August 17 2022 for Fractional, which rebranded to Tessera to focus on collective NFT ownership. The round valued the platform at a significant premium during the NFT bull market peak. CT viewed the move as institutional capital doubling down on NFT infrastructure.