Cryptoslam, a data and analytics platform based on non-fungible tokens (NFTs), raised $9 million in a capital investment round headed by Animoca Beverages last Wednesday. Mark Cuban took involved in the fundraising, as did Ashton Kutcher’s and Guy Oseary’s Sound Ventures, according to Cryptoslam.
Animoca Brands Leads Cryptoslam’s $9 Million Capital Raise Investments
Because the bubble began last year, non-fungible tokens (NFTs) have grown into a multibillion-dollar business. Cryptoslam, an NFT-centric data and analytics platform, announced on January 5, 2022, that it has received $10 million dollars through stakeholders. Cryptoslam’s funding raising was led by Animoca Brands, although Mark Cuban and Sound Ventures also contributed, as per the statement.
The aforementioned investors have made significant investments in NFT initiatives including cryptocurrency firms.
For example, the NFT protocol Unicly raised $10 million from Animoca Brands and Blockchain Capital at the end of November. Randy Wasinger, the company’s founder, and CEO expressed his delight at the addition of investors such as Animoca Brands and Mark Cuban. Wasinger also believes NFTs would not go away very quickly, since the cryptocurrency movement is around to stay, and according to Cryptoslam creator.
Wasinger stated in a press conference the capital offering, “NFTs reached the mainstream this past year and are here to stay.”
We’ve worked on creating the framework to deliver ultimate transparency for the NFT sector since 2018, and this significant new investment is a significant step forward here as we keep expanding alongside it. As we take this next step ahead, we’re fortunate to have Animoca Brands, Mark Cuban, and a long list of other key investors on board.”
Animoca Branding Founder: ‘Pass Aggregation and Analysis of NFT Data Are Essential Services’
Mark Cuban, a well-known investor, and billionaire is a big supporter of NFT technology and has a sizable collection. In reality, according to today’s measurements, Cuban holds Cryptopunk #869, which is worth roughly 126.58 ether or $432,000.
Moreover, at the time of writing, Cuban owns Bored Ape Yacht Club (BAYC) #1597, which has a floor value of 67.89 ether or $232K. According to Cryptoslam, their NFT collections rankings are a “leading cross-blockchain measure of interest in NFT collections, similar to Major exchanges for cryptocurrency.”
Yat Siu, the executive chairman and co-founder of Animoca Brands, believes that Cryptoslam and believes that the sector needs a trustworthy cross-blockchain indication. “Cross-chain aggregation and analysis of NFT data are critical services for the public metaverse’s evolution, and Cryptoslam has definitely positioned itself with a pioneer in this space.” “We’re ecstatic to be able to sponsor such a remarkable group,” Siu said that during the introduction.
As NFT data has grown in popularity, there is a slew of cross-chain aggregation rivals and NFT metrics suppliers. Providers such as Dune Analytics, Defillama, Dappradar, Nonfungible.com, and others give NFT statistics and analytics to users and spectators.
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