Reservoir Secures $14M Series A to Expand NFT Marketplace Infrastructure

Reservoir, a leading NFT infrastructure provider for platforms like Coinbase (NASDAQ:COIN), MetaMask, and Magic Eden, has raised $14 million in a Series A funding round led by Union Square Ventures (USV). Additional investors include Variant, Archetype, and Square Peg Capital. The funding, secured on February 5, will enhance Reservoir’s NFT trading infrastructure and expand its services to more marketplaces.

Reservoir aims to strengthen NFT trading by providing indexing tools, liquidity aggregation, and decentralized exchange interfaces. Co-founder and COO Jason Maier highlighted the importance of robust APIs that support NFT transactions on blockchains, which lack built-in trading capabilities. These tools are already utilized by major players in the NFT space, ensuring seamless marketplace operations.

Despite a sharp decline in NFT market activity—down 76% from its peak in 2022—Maier remains optimistic. He attributes the downturn to the deflation of an NFT bubble but sees long-term potential in digital ownership, including applications in collectibles, art, and real-world assets. Recent trends indicate a possible market rebound, with NFT sales reaching $877 million in December, according to CryptoSlam. Additionally, Yuga Labs, the creator of Bored Ape Yacht Club, acquired tokenization platform Tokenproof, signaling continued industry interest in NFT adoption.

Reservoir’s expansion could play a key role in revitalizing NFT market dynamics by improving liquidity and accessibility across multiple platforms. As the market evolves, innovations like Reservoir’s infrastructure solutions may drive mainstream adoption and fuel a new wave of growth in the NFT ecosystem.