CryptoSlam Nets $9 Million in Seed Round Led by Animoca Brands

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The announcement, made on Jan. 5, acknowledged that the spherical was led by Hong Kong-based sport software program and enterprise capital firm Animoca Brands.

CryptoSlam is a supplier of information and transparency for the NFT business, rating the highest NFT collections by gross sales quantity on secondary markets.

Additional traders embody the enterprise arm of the OKEx change, Blockdream Ventures, Binance Smart Chain, Polygon, and a variety of different enterprise corporations.

Also contributing to the $9 million strategic spherical was a variety of people and angel traders. These included Reid Hoffman from LinkedIn, James Park from Fitbit, Randall Kaplan at Akamai Technologies), The Sandbox’s Sebastien Borget and Rotten Tomatoes co-founders, Stephen Wang and Patrick Lee.

There was additionally participation from CryptoSlam pre-seed traders Mark Cuban and Sound Ventures.

On Jan. 5, CryptoPotato reported that Animoca had led a $5 million funding spherical into the Solana-based Exotic Markets DAO.

NFT Growth Continues

CryptoSlam has turn into the NFT equal of CoinMarketCap or CoinGecko, and it shares the analytics house with Nonfungible.com. The portal has seen huge development in site visitors in tandem with the explosion in curiosity in NFTs over the previous 12 months.

Founder and CEO of CryptoSlam, Randy Wasinger, commented on this monumental development earlier than including that NFTs are “here to stay.” Billionaire investor Mark Cuban added to the sentiment commenting:

“I’m excited about what CryptoSlam has accomplished to be the de facto source of information and pricing on all things NFT.”

The platform staff has grown to twenty members, and the funding will likely be used to broaden this even additional. Funding may also be channeled into additional creating the platform itself, including extra blockchains, launching new branded merchandise, and launching an API for builders to construct on prime of the platform.

NFTs are persevering with to surge this 12 months regardless of the heavy crypto market pullback. Shark Tank’s Kevin O’Leary commented that the NFT market may even surpass that of Bitcoin.

Leading NFT market OpenSea has seen a surge in buying and selling quantity this 12 months, with $1.17 billion already reported for January alone, and the 12 months is barely per week outdated!

Ape Mania Leading NFT Sales

CryptoSlam presently lists the Mutant Ape Yacht Club because the top-selling NFT assortment over the previous seven days, with a sale quantity of $94 million. The sibling assortment of Bored Apes is in second place, with $87 million bought on secondary markets up to now week.

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