Home CryptoNews NFT Craze: Investors are Pouring in Huge Sums in NFT Startups

NFT Craze: Investors are Pouring in Huge Sums in NFT Startups

Investors are pouring in huge amounts of money in non-fungible token (NFT) startups as the digital collectible market is increasing in popularity with the market reaching billions in trading and sales volume.

As NFTs continue to rapidly see mainstream adoption, with major sports leagues, media outlets, and prestige auction houses participating in projects, investors are seeking to share their part.

A report by analytics platform DappRadar says that NFT trading volume surged in the third quarter of 2021 to $10.67 billion, which is a 704% increase from the previous quarter. In the wake of this surge, many NFT startups are entering the market and VCs are investing huge sums in them. According to a report, NFT projects raised $90 million in just the first three months of 2021. This amount is almost triple the $35 million that NFT start-ups raised last year.

These investments are not coming slow. Take a look at some recent investments.

GigLabs $4.5M Seed Round Led by Dapper Labs

NFT pioneer Dapper Labs is the most respected name in the NFT space. Most recently, along with Panoramic Ventures, it led a $4.5 seed round for GigLabs, an NFT platform that provides brands multiple easy-to-use solution generating, minting, and selling NFTs that can be presented within fully customizable brand experiences.

Other investors participating in the round include Collab+Currency, Red Beard Ventures, Eterna Capital, Alumni Venture Group, Gaingels, and Amino Capital.

Alchemy Raises $250M in Series C

Alchemy, a leading developer platform for blockchain and Web3 applications, has announced a $250M Series C round led by Andreessen Horowitz (a16z). Other investors include Lightspeed, Redpoint, Coatue, Addition, DFJ, and Pantera.

Alchemy serves developers across every vertical, including financial institutions, exchanges, gaming, NFT platforms, decentralized applications and protocols, and multinational organizations such as PwC and Adobe. Its power in the NFT space is evident by the fact that companies leading the Web3 revolution, including Dapper Labs, OpenSea, CryptoPunks, and Axie Infinity also use Alchemy solutions.

nameless Raises $15 Million in Seed Investments

namelessâ„¢, a wholly-owned subsidiary of nft42 and the developer of an API solution for the issuance, testing, and sale of non-fungible tokens (NFTs), has announced a $15 million seed investment round led by Mechanism Capital, bringing nameless’ valuation to $75 million. Other notable investors include Delphi Digital and Flamingo DAO.

Yet-to-launch nameless offers streamlined API solutions that allow developers to easily and securely integrate NFTs into their platforms.

ClubNFT Announced Launch and $3M in Seed Funding

ClubNFT, a platform building next-generation infrastructure solutions to protect collectors’ NFTs, on Thursday, October 28, has announced its official launch and the raise of $3M in a seed funding round co-led by Galaxy Digital and Galaxy Interactive, with participation from Red Swan Ventures, CMT Digital, Sfermion, Draper Dragon, Richard Entrup, and other angel investors.

ClubNFT’s solution will allow collectors to safeguard their NFT investments by downloading the media associated with all their NFTs in a single click and storing their digital art files wherever they see fit.

Atiq Ur Rehman
Electronics Engineer with a passion to write about Disrupting Technologies like Blockchain. He joined Crypto-Economy in July 2019.
- Advertisment -
#NamePriceChanges 24H