NFT marketplace Colexion raises funding from Polygon

Non-fungible token (NFT) marketplace Colexion has raised an undisclosed sum from Polygon, an Ethereum scaling and digital infrastructure development platform founded by Indians and backed by billionaire Mark Cuban.

Colexion raised the capital at a valuation of about $50 million, cofounder Bibin Babu told ET. The investment is a mix of token and equity, he added.