On Wednesday, non-fungible analytics and data (NFT) platform Cryptoslam raised $9 million in a capital funding round led by Animoca Brands. Cryptoslam reported that Mark Cuban was co-financed and Ashton Kutcher and Guy Oseary’s Sound Ventures also joined.
Cryptoslam unveils $9 million capital increase, Animoca brands invest in leadership
Non-fungible tokens (NFTs) have become a big deal and multibillion dollar industry since the boom began last year. On January 5, 2022, NFT-focused data and analytics platform Cryptoslam revealed that the company had raised $9 million from strategic investors. According to the announcement, Animoca Brands led the Cryptoslam capital increase, but Mark Cuban and Sound Ventures also participated. The aforementioned investors have invested a large amount of money in NFT projects and blockchain startups.
For example, at the end of November, the NFT Unicly protocol raised $10 million from Animoca Brands and Blockchain Capital. Cryptoslam founder and CEO, Randy Wasinger, said the company is thrilled to get investors like Animoca Brands and Mark Cuban on board. Wasinger also insists that NFTs are not going anywhere anytime soon, as the blockchain trend is around for good, as the Cryptoslam founder said.
“NFTs entered last year and are here to stay,” Wasinger said in a statement following the capital increase. Since 2018, we have been laying the groundwork for providing absolute transparency to the NFT industry, and this strategic capital increase is a milestone for us as we continue to grow hand in hand. We are fortunate to own Animoca Brands, Mark Cuban, and an incredible list of other strategic investors align with us as we take this next step forward.”
Co-founder of Animoca Brands: “Cross-chain aggregation and NFT data analysis are core services”
Well-known investor and billionaire Mark Cuban is a fan of NFT technology and owns a value set. In fact, Cuban Cryptopunk holds #869 which is currently valued at around 126.58 Ether, or $432K, according to today’s metrics. Furthermore, Cuban also owns Bored Ape Yacht Club (BAYC) #1597, which has a floor value of 67.89 Ethers or $232K at the time of writing. Cryptoslam says its NFT pool ratings are recognized as “a leading cross-blockchain indicator of interest in NFT pools, just like Coinmarketcap is for cryptocurrencies.”
Yat Siu, CEO and co-founder of Animoca Brands, agrees with Cryptoslam and says there is a need for a reliable cross-blockchain index in the industry. “Cross-chain aggregation and NFT data analysis are essential services for the development of the open metaverse, and Cryptoslam has clearly established itself as a leader in this field. We are pleased to support this talented team,” Seo said during the announcement.
There are a number of cross-chain aggregation competitors and providers of NFT metrics these days, as NFT data has become very popular. Users and spectators get their NFT data and analytics from providers such as Dune Analytics, Defillama, Dappradar, Nonfungible.com and more.
What do you think of Cryptoslam raising $9 million from strategic investors? Tell us what you think about it in the comments section below.
photo credits: Shutterstock, Pixabay, Wiki Commons, Cryptoslam.io
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