The NFT ecosystem continues to develop, however a lot of the quantity remains to be transferring by the centralized halls of the OpenSea NFT market, leaving crypto VCs keen to search out new channels.
Katie Haun’s new agency, Haun Ventures, has spearheaded its first deal in startup NFT Zora Labs. A $50 million funding spherical values the corporate at $600 million.
Zora’s protocol permits artists and builders to create NFT marketplaces and collections. Zora has its personal major market the place customers can record NFTs, much like OpenSea, however the majority of NFTs offered on its protocol happen on third-party web sites. Cryptocurrency establishments equivalent to publishing startup Mirror and collective FWB have leveraged Zora’s protocol to promote NFTs to neighborhood members.
Along with Haun Ventures, backers on this spherical embrace Coinbase Ventures and Kindred Ventures. Haun notably led OpenSea’s Collection B whereas at a16z, profitable a seat on the board.
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