SoftBank-backed Mangata’s IPO flags renewed interest in NFT infrastructure

NFT infrastructure firm Mangata, backed by SoftBank and Sequoia, filed its IPO prospectus, targeting a raise of $200–250 million. The company provides modular NFT infrastructure stack and tokenization tools, aiming to capture institutional demand across emerging web3 use cases. Its filing highlights revenue growth of ~150% YoY, launch of marketplaces in Asia and Latin America, and plans to deepen integration with gaming studios and creators. Analysts say Mangata’s move reflects resurging investor appetite in web3 infrastructure and blockchain-native public listings.