Holding Company for NFT Raises $50M in Series A funding By BTC Peers

Holding Company for NFT Raises M in Series A funding By BTC Peers
Holding Company for NFT Raises M in Series A funding By BTC Peers Holding Company for NFT Raises $50M in Series A funding

The increasing inflow of venture funding into non-fungible token start-ups demonstrates the need for regulators to monitor this space closely. Metaversal announced Tuesday the completion of a $50 million financing round to support the company’s growing investing capabilities in NFTs and metaverses.

CoinFund and Foxhaven led the Series A investment, which included participation from Collab+Currency, Digital Currency Group, Dapper Labs, Rarible, Franklin Templeton, Theta Blockchain Ventures, and Galaxy Vision Hill. Metaversal’s objective includes the acquisition of high-profile digital assets via its venture studio and the backing of initiatives that will be self-funded by the firm. Additionally, Metaversal utilized the funds to execute partnerships with Rarible, an NFT platform, and Flow, a Dapper Labs-developed blockchain. Google (NASDAQ:) and , among others, have supported Flow, which powers NBA…

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