March 07, 2024
CryptoSlam, a provider of data and transparency for the NFT industry, has closed a $9 million strategic seed funding round. This round was led by Animoca Brands and included participation from pre-seed investors Mark Cuban and Sound Ventures.
Project | Latest Raise | Latest Raise | Stage | Total Raise | Lead Investor | Category |
|---|---|---|---|---|---|---|
CryptoSlam | Mar 7, 2024 | $9M | Venture Round | $9M | Animoca Brands | NFT |
Founded in Overland Park, Kansas, CryptoSlam aggregates non-fungible token (NFT) data across multiple blockchains, including Ethereum, Ronin, Solana, Flow, Polygon, and WAX. Established in 2018 to track the MLB Champions Ethereum NFT collectible game, the company gained prominence in 2021 by tracking NBA Top Shot transactions on the Flow blockchain.
The new capital will support the expansion of CryptoSlam's team and the enhancement of its platform. The company plans to increase its workforce, currently over 20 members, and further develop its platform for both new and existing blockchains. The funding will also assist in launching new products, such as an enterprise NFT data API.
CryptoSlam's NFT collection rankings are recognized as a leading cross-blockchain indicator of interest in NFT collections, similar to how CoinMarketCap is used for cryptocurrencies. Its data is frequently cited by media outlets including Forbes, Bloomberg, The Motley Fool, TechCrunch, Reuters, TheStreet, and CNBC.
The funding round saw additional participation from OKEx Blockdream Ventures, Binance Smart Chain, Polygon, KCRise Fund, PKO Investments, Stocktwits, Forte, Twenty5Twenty, and Red Beard Ventures. Prominent individuals such as Reid Hoffman (LinkedIn), Mark Pincus (Zynga), Nigel Eccles (FanDuel), James Park (Fitbit), Randall Kaplan (Akamai Technologies), Alexandra Wilkis Wilson (Gilt.com), Kun Gao (Crunchyroll), Chris Wang (Playdom), Dennis Fong (Xfire), Greg Tseng (Tagged), Holly Liu (Kabam), Sebastien Borget (The Sandbox), and co-founders of Rotten Tomatoes, Stephen Wang and Patrick Lee, also participated.
CryptoSlam has positioned itself as a reliable source of transparency for the NFT industry. Thousands of NFT enthusiasts and market watchers visit the platform daily to analyze market trends and conduct deep analytics on various NFT collections.
About CryptoSlam:
CryptoSlam is an aggregator of non-fungible token (NFT) data from a growing list of popular blockchains. Launched in 2018, the company tracks and organizes NFT data across multiple blockchains. CryptoSlam is known for its comprehensive and transparent NFT collection rankings, serving as a critical resource for the NFT market.
Website: https://www.cryptoslam.io/
X Account: https://x.com/cryptoslamio
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About Investor
Investor: Animoca Brands
Animoca Brands promotes digital property rights via NFTs and gaming to build the open metaverse. The company focuses on creating and supporting projects that contribute to the development of the digital property ecosystem.
Location: United States
Website: https://www.animocabrands.com/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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