Cryptoslam’s non-fungible token, NFT (data and analytics platform) raised $9M in capital financing led by Animoca Brands. Cryptoslam detailed that Mark Cuban participated in the financing and Ashton Kutcher’s and Guy Oseary’s Sound Ventures joined in as well.
Cryptoslam Announces $9 Million Capital Raising, Animoca Brands Leads Investment
Since last year’s boom, non-fungible tokens have been a major deal. Cryptoslam, an NFT-centric data analytics platform Cryptoslam disclosed that the company had raised $9M from strategic investors. According to the announcement, Animoca Brands led Cryptoslam’s capital raise, but Mark Cuban and Sound Ventures also participated. These investors invested a significant amount of capital into NFT and Blockchain startups.
For example, Unicly’s NFT protocol Unicly had raised $10M from Animoca Brands as well as Blockchain Capital. Cryptoslam’s founder and CEO, Randy Wasinger, said the company was thrilled to get investors like Animoca Brands and Mark Cuban onboard. Wasinger said that NFTs won’t be going away anytime soon because the blockchain trend was here for the long-term.
“NFTs entered the mainstream this past year and are here to stay,” Wasinger said in a statement following the capital raise. “Since 2018, we’ve been laying the groundwork to provide ultimate transparency for the NFT industry, and this strategic capital raise marks a key milestone for us as we continue to grow along with it. We’re blessed to have Animoca Brands, Mark Cuban and an incredible list of other strategic investors aligned with us as we take this next step forward.”
Co-Founder of Animoca Brands: ‘Cross-Chain Aggregation and Analysis of NFT Data Are Services Essential’
Mark Cuban (a well-known investor and billionaire) is a big fan of NFT technology. owns a valuable collection. In fact, Cuban owns Cryptopunk #869 that currently has a valuation of around 126.58 ether or $432K, according to today’s metrics. Cuban also holds Bored Ape Yacht Club, (BAYC), #1597. It has a floor price of 67.89ether or $232K as of this writing. Cryptoslam says its NFT collection rankings are recognized as a “leading cross-blockchain indicator of interest in NFT collections, much like Coinmarketcap is for cryptocurrencies.”
Yat Siu is the co-founder and executive chairman of Animoca Brands and agrees with Cryptoslam. He says there needs to be a reliable cross blockchain indicator for the industry. “Cross-chain aggregation and analysis of NFT data are services essential to the development of the open metaverse, and Cryptoslam has clearly established itself as a leader in this area. We’re thrilled to support this talented team,” Siu remarked during the announcement.
As NFT data continues to be popular, there are many cross-chain aggregaters and NFTmetrics providers. Both spectators and users are able to access their NFT data from vendors such as Dune Analytics and Dappradar.
How do you feel about Cryptoslam’s $9 Million raise from strategic investors Please comment below to let us know your thoughts on this topic.
Images CreditsShutterstock. Pixabay. Wiki Commons. Cryptoslam.io
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