Zora, a marketplace for non-fungible tokens (NFTs), has raised nearly $8 million in equity sales, according to regulatory documents seen by CoinDesk.
Co-creator Jacob Horne, a Coinbase expat, did not return calls. Previous seed investors including streetwear designer Jeff Staple and Coinbase Ventures did not immediately return requests for comment.
Regardless of size, the raise demonstrates the accelerating flood of venture capital into the booming NFT ecosystem.
Dozens of crypto firms are raising millions – sometimes hundreds of millions – of dollars through equity sales. Especially in the NFT space.
As for Zora, you can read it here first before the press release goes out.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.