a16z Leads VeeFriends’ $50 Million Seed Funding Spherical

Gary Vee’s flagship Web3 endeavour, his very personal VeeFriends NFT venture, has raised $50 million in a latest seed funding spherical which was led by Andreessen Horowitz (a16z). The brand new injection of funds will primarily be used to assist the event of the IP of the venture’s 283 VeeFriends characters, nevertheless as well as, the cash will even be used to scale VeeFriends’ artistic, technical, and experimental operations. 

For now, it stays undisclosed as as to if or not there have been some other members within the spherical, or whether or not a16z have been the only contributors. In talking on the spherical, Chris Lyons, a basic associate at a16z, had this to say:

“Not solely is Vee Pals an thrilling NFT venture, it additionally supplies offline and in-person utility by curated experiences like VeeCon, which introduced over 7,000 NFT ticket holders collectively for every week of informative conversations on web3, reside music, and networking. VeeFriends represents the ethos of entrepreneurship, and we’re humbled by the chance to assist Gary and the VeeFriends neighborhood on this journey”.

In supporting the venture by its monetary prowess, a16z joins a protracted checklist of illustrious names who’ve additionally put pen to paper with the NFT venture. Total, VeeFriends has launched greater than 10 collaborations, with one probably the most notable being the discharge of a VeeFriends-branded UNO Deck in partnership with Mattel Creations.

The gathering has amassed over 200,000 ETH in main and secondary gross sales in its comparatively brief lifetime, which has subsequently put it in OpenSea’s prime 30 most traded collections.

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*All funding/monetary opinions expressed by NFT Dot are from the private analysis and expertise of our website moderators and are meant as academic materials solely. People are required to totally analysis any product prior to creating any form of funding.

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