According to Techcrunch, Joepegs, the NFT market on Avalanche, completed a $5 million seed round of financing, led by the now defunct FTX Ventures and the Avalanche Foundation. “Funding from FTX Ventures was completed in June and was transferred from FTX prior to the recent bankruptcy event,” the Joepegs team said. Joepegs launched in May of this year, and its co-founder 0xMurloc also founded and participates in the operation of Trader Joe, a decentralized exchange on Avalanche. Joepegs also includes an in-house production division, Joe Studios, and an NFT Launchpad, and the financing will be used to continue developing its core marketplace and accelerate Joe Studios' growth.