Turkish cryptocurrency exchange platform Metatime completes $11 million seed round financing.

BlockBeats reported on March 21st that Turkish cryptocurrency exchange platform Metatime has announced the completion of a $11 million seed round of financing, with investors including Turkish investment company Yildiz Tekno GSYO and several undisclosed angel investors. Metatime's limited partners are some of Turkey's large companies, including Halkbank, Turk Telekom, and Kalyon Holding. Yusuf Sevim, co-founder and CEO of Metatime, said that Yildiz invested $150,000 to buy 1% of Metatime, and the remaining funds ($11 million) were provided by angel investors in token financing. A total of 33 undisclosed angel investors bought MetaCoin (MTC) tokens, with 100 million MTC sold at a price of 5 cents and another 100 million MTC sold at a price of 6 cents. Established in 2021, Metatime has not yet launched and is preparing to launch a variety of products and services, including cryptocurrency exchange platforms, wallets, NFT markets, native blockchains, and stablecoins, with 208 employees currently. Yusuf Sevim said that he and Metatime's other co-founder, Hys Sahin, had previously invested $10 million in the company. Metatime's trading platform, blockchain, stablecoin, and MTC token will go live on November 11th, with the NFT market and wallet expected to launch in the first quarter of next year.