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.
Jan 5, 2022 at 6:20 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CGWNZW3ZKFFS5A6ND77T22STSM.jpg)
NEW YORK, NEW YORK - MAY 12: CryptoPunk digital art non-fungible token (NFT) displayed on a digital billboard in Times Square on May 12, 2021 in New York City. The image is part of SaveArtSpace's "Pixelated" public art exhibition which will be displaying 193 of Larva Labs' CryptoPunks on phone booths, bus shelters, and billboards around New York City during the month of May. New York Governor Andrew Cuomo announced pandemic restrictions to be lifted on May 19. (Photo by Alexi Rosenfeld/Getty Images)
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.
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