Tom Brady's NFT platform Autograph raises $170M to scale operations

The nonfungible token (NFT) market Autograph co-founded by Tremendous Bowl champion Tom Brady has introduced it closed on a $170 million funding spherical.

In a Wednesday announcement, Autograph said Andreessen Horowitz, or a16z, and VC agency Kleiner Perkin co-led the $170-million Collection B spherical with contributions from crypto investor Katie Haun’s agency, Nicole Quinn of Lightspeed Enterprise Companions, and San Francisco-based enterprise agency 01A. The corporate stated it deliberate to make use of the funds to scale its NFT expertise and hinted at a collection of partnerships aimed toward increasing its consumer base.

Along with the funding spherical, Haun, a16z basic accomplice Arianna Simpson, and Kleiner Perkins accomplice Ilya Fushman will be a part of Autograph’s board of administrators, with a16z basic accomplice Chris Dixon becoming a member of the agency’s board of advisors. In keeping with the brand new members, Autograph will proceed to purpose for mainstream adoption of cryptocurrencies and NFTs.

Since its launch in August 2021, Autograph has partnered with main names in sports activities and leisure, usually for NFT collections. In December, Brady dropped a collection of ​​digital collectibles representing moments from his soccer profession, together with cleats and a jersey, from the NFL mix. {The marketplace} additionally options NFTs from tennis star Naomi Osaka, skateboarder Tony Hawk and others.

Don\'t Miss THIS ONE !  Nftnews Today Nifty News: GameStop NFT market goes live, Hong Kong’s NFT concept and more

Associated: Landing! Objective! Knockout! Crypto and sports activities collide in 2021

Andreessen Horowitz has been behind a few of the largest funding rounds for crypto and blockchain tasks in addition to its personal crypto-focused funds devoted to increasing the dimensions and marketability of blockchain tasks. The agency’s portfolio consists of Coinbase, Compound, Maker and lots of others.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button