Eminem, Coinbase Back Ethereum NFT Place Platform Creators In $ 30 Million Raise


  • NFT MakersPlace marketplace raised $ 30 million in a Series A funding round.
  • Investors include rapper Eminem, Coinbase Ventures, NFL player Larry Fitzgerald, and many more.

MakersPlace, a marketplace for crypto collectibles sold as NFTs, is the latest NFT destination to raise significant new funds following the market boom this spring. Today, the company announced a $ 30 million Series A round with several big-name supporters in the mix.

It’s a long list of names, but rapper Eminem and his manager Paul Rosenberg stand out as strategic investors, along with NFL player Larry Fitzgerald. Eminem actually released its NFTs in April, although through rival platform Nifty Gateway, the three separate drops generated nearly $ 1.79 million in total sales. Fitzgerald, meanwhile, is also an investor in the Eco fintech crypto wallet app.

Bessemer Venture Partners and Pantera Capital led Series A, with Coinbase Ventures, Sony Music Entertainment, Draper Dragon Digital, Uncork Capital and 9Yards Capital. Other notable investors include Shopify founder and CEO Tobi Lütke, entrepreneur DJ and NFT 3LAU, former Sotheby’s CEO William Ruphrecht, and Acquavella Galleries.

According to MakersPlace, it is Ethereum. blockchain-based platform has processed more than $ 100 million in transaction volume so far in 2021 and its user base has multiplied 10 times. MakersPlace is perhaps best known for collaborating with Christie’s auction house on the sale of “EVERY DAY: THE FIRST 5000 DAYS” by artist Beeple, who sold for $ 69.3 million in March.

Read also More than 60 cryptocurrency exchanges in South Korea are likely to suspend trading this week

NFT market exploded in early 2021, accumulating approximately $ 2.5 billion in total transaction volume in the first half of the year according to data from DappRadar. An NFT is like a blockchain-backed title to a digital item, featuring verifiable rarity in digital paintings, video illustrations, tokenized tweets, interactive video game items, and more.

Time NBA’s best shot moments and objects in games like Axie Infinity and Sandbox have been huge draws, as have art drops in NFT markets like Nifty Gateway, SuperRare, OpenSea, and MakersPlace. Celebrities and athletes have especially benefited from this year’s NFT boom with musicians Grimes AND Weekend and NFL players Rob Gronkowski AND Patrick Mahomes each with seven-digit NFT drops.

Given the surge in interest in the NFT market, which has caught fire again lately after a late spring / early summer hiatus, it is not surprising that the markets themselves have been a prime target for investment. Offshore recently became a ‘unicorn’ crypto with a valuation of $ 1.5 billion following a $ 100 million Series B funding round led by Andreessen Horowitz. Nifty Gateway, which is owned by cryptocurrency exchange Gemini (led by the Winklevoss twins), was valued at $ 1.2 billion in March by crypto analytics firm Messari. At the time, Messari only estimated OpenSea’s valuation up to $ 498 million.

Meanwhile, Rarible raised $ 14.2 million in Series A in June and the Mark Cuban-backed Nifty has grown a $ 10 million seed round in July. SuperRare also counted Cuban among its investors in a $ 9 million Series A round in March, which also featured participation from SamsungNext, Ashton Kutcher’s Sound Ventures and Marc Benioff, founder and CEO of Salesforce.

Read also financial revolution of cryptocurrencies is coming, but we need a bridge to get there

Source link


Related Posts

© 2024 Cryptocoin Budisma.net