Animoca Brands Leads $9M Round in NFT Data Aggregator CryptoSlam

The new funding will be used for an “aggressive” hiring plan, expansion to support more blockchains and the launch of several new products.

AccessTimeIconJan 5, 2022 at 6:20 p.m. UTC
Updated Jan 5, 2022 at 8:51 p.m. UTC

Brandy covers crypto-related venture capital deals for CoinDesk.

CryptoSlam, a non-fungible token (NFT) industry data aggregator, has closed an oversubscribed $9 million funding round. The strategic seed round was led by venture capital firm Animoca Brands, a noted NFT investor that counts Dapper Labs and Axie Infinity among its portfolio companies.

  • Founded in 2018, CryptoSlam offers NFT collection rankings that serve as a cross-blockchain indicator of interest, similar to how CoinMarketCap works for cryptocurrencies.
  • The new funding will be used for an “aggressive” hiring plan, platform expansion to support new and existing blockchains and the launch of several new products, including an enterprise NFT data API that allows developers to build on top of the CryptoSlam platform.
  • The funding round also included pre-seed investors Mark Cuban and Sound Ventures, the venture capital firm co-founded by actor Ashton Kutcher and talent manager Guy Oseary. Other notable investors in the latest round included Binance Smart Chain, Stocktwits, LinkedIn founder Reid Hoffman, Zynga founder Mark Pincus and Sebastien Borget, co-founder and chief operating officer of decentralized gaming virtual world The Sandbox.
  • “Cross-chain aggregation and analysis of NFT data are services essential to the development of the open metaverse, and CryptoSlam has clearly established itself as a leader in this area,” said Animoca Brands co-founder and Chairman Yat Siu in the press release.

Read more about

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Brandy covers crypto-related venture capital deals for CoinDesk.

CoinDesk - Unknown

Brandy covers crypto-related venture capital deals for CoinDesk.