Shark Tank billionaire invests in NFT data platform

Charlie Taylor

This Wednesday (5), CryptoSlam, a data and analytics platform focused on the growing industry of non-fungible tokens (or NFTs, for its acronym in English), announced it had raised US$ 9 million in a “seed” round (characterized for being an amount earmarked for a company that is still under initial development) led by Animoca Brands, including […]

Shark Tank's Billionaire Makes Investment in NFT Data Platform first appeared on Bitcoin Portal .

This Wednesday (5), CryptoSlam, a data and analytics platform focused on the growing industry of non-fungible tokens (or NFTs, for its acronym in English), announced it had raised US$ 9 million in a “seed” round (characterized for being an amount destined to a company that is still under initial development) led by Animoca Brands, including the participation of big supporters such as Mark Cuban, Sound Ventures and Polygon .

Cuban was previously announced as a “pre-seed” investor in CryptoSlam in April 2021. Ryan Wasinger, CryptoSlam's director of revenue, confirmed to Decrypt that Cuban has made an additional investment as part of the most recent round.

Sound Ventures (the company co-founded by actor Ashton Kutcher and music industry executive Guy Oseary) is another “pre-seed” investor who also participated in the latest round.

Animoca Brands is a major investor in the crypto industry who has supported over 100 companies, with a focus on an open and interoperable metaverse. The company is also the developer of The Sandbox, a future metaverse video game developed at Ethereum .

The big round of funding also includes participation from Binance Smart Chain , OKEx Blockchain Ventures , Forte and others, as well as founders including Reid Hoffman ( LinkedIn ), Mark Pincus (Zynga) and Nigel Eccles (FanDuel).

“I'm excited about what CryptoSlam has achieved to be the number one source of information and pricing on everything that involves NFTs,” Cuban said.

An NFT acts as a contract for ownership of a digital and exclusive item, including image and video files, game items, and more.

The industry expanded dramatically throughout 2021, generating more than $22 billion in trading volume, according to an estimate released in December by analytics website DappRadar.

The NFT market has continued to boom in recent weeks, as the main market OpenSea posted its second-best month of trading volume for NFTs developed on Ethereum in December: $3.25 billion.

It's an increase of almost 37% compared to November. OpenSea has already crossed the $1 billion mark in January in less than five days, according to data from Dune Analytics.

CryptoSlam tracks sales data for hundreds of large NFT projects and collections across multiple blockchain protocols, including Ethereum, Solana , Polygon, Flow and Binance Smart Chain.

It also tracks the sale of sports industry fan tokens , such as those launched by the football teams Paris Saint-Germain and FC Barcelona via the Socios platform.

The company, which currently has more than 20 employees, plans to expand its staff, provide support for other blockchain protocols, and release an interface to enterprise data application (or API) programming that other developers can use to create their own programming tools. tracking of NFTs.

*Translated and edited by Daniela Pereira do Nascimento with permission from Decrypt.co .

Shark Tank's Billionaire Makes Investment in NFT Data Platform first appeared on Bitcoin Portal .

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