CryptoSlam raised $9 million in a strategic seed round led by Animoca Brands as we can see more today in our latest cryptocurrency news.
The announcement stated that the seed round was led by Hong Kong-based game software and venture capital firm Animoca Brands. CryptoSlam is a provider of data and transparency for the NFT industry ranking the top NFT collections by sales volumes on the secondary markets. The additional investors include the venture arm of the OKEx exchange, Binance Smart Chain, BlockDream Ventures, Polygon, and other venture firms. Contributing to the $9 million strategic round was the number of individuals and angel investors. These included Reid Hoffman of LinkedIn, James Park from FitBit, The Sandbox’s Sebastian Borget, and many more.
🚀Thrilled to announce our $9m strategic seed round led by Animoca Brands!
HUGE thanks to @animocabrands, @mcuban, @OKEx, @sound_ventures_, @aplusk, @guyoseary, @KCRiseFund, @markpinc, @reidhoffman, @BinanceChain, @0xPolygon, @rottendoubt & many more! ⚡️https://t.co/U8WqqBvknl pic.twitter.com/m8Yrc6BiYO
— CryptoSlam! (@cryptoslamio) January 5, 2022
There was also participation from Sound Ventures and Mark Cuban. Animoca led a $5 million investment round into the Solana-based Exotic Markets DAONFT Growth Continues. CryptoSlam became the NFT equivalent of CoinGecko and CoinMarketCap and shares the analytics space with Nonfungible.com. The portal saw massive growth in traffic in tandem with the explosion of NFTs in the past year. The founder and CEO of CryptoSlam, Randy Wasinger commented on the growth before adding that the NFTs are here to stay and investor Mark Cuban commented:
“I’m excited about what CryptoSlam has accomplished to be the de facto source of information and pricing on all things NFT.”
The platform team grew to 20 members and the investment will be used to expand further. Funding will be channeled into further developing the platform and will add more blockchains launching the new branded products and launching an API for developers to build on the platform. NFTs are surging this year despite the strong market pullback. The leading NFT marketplace OpenSea saw a surge in trading volume with $1.17 billion that was reported for January alone. CryptoSlam listed the Mutant Ape Yacht Club as the top-selling NFT collection in the past week with a sale of $94 million and the sibling collection of Bored Apes in the second place with $87 million sold on the markets over the past week.
As recently reported, Animoca Brands and Binance Smart Chains are launching a $200 million investment program to launch an early crypto-focused gaming project building on BSC. Both entities announced that they are co-investing up to $100 million each to support game projects in the GameFi sector. One of the largest blockchain ecosystems, BSC will be investigating from the $1 billion accelerator arm for Defi, NFT, and GameFi. The fund was set earlier this year to expand the BSC ecosystem services and to drive mainstream adoption across the fintech sector.
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