NFTs (non-fungible tokens) are digital representations of real-world objects that may be bought and sold on the internet. DappRadar, a digital analytics firm, believes that NFT trade generated $2.5 billion in the first six months of 2021. Although the NFT business is still in its early stages, its value is steadily growing. Some of the firms that are now trading on the market are Dolphin Entertainment, Inc., Takung Art Co., Ltd., and ZK International Group Co. Ltd.
Here is Insider Monkey’s list of the 10 NFT startups investors are flocking to. Sorare is a global fantasy football game in which users use official digital cards to play, trade, and buy. It has so far raised close to $60 million in three rounds of fundraising. At the onset of the NFT mania earlier this year, Twitter’s Jack Dorsey was one of the most well-known figures. MakersPlace, a San Francisco-based company, has raised $34 million in three rounds of funding. Cloudflare, Inc., which owns a business-focused cloud platform, is another prospective NFT investment. Daniel Chu, Ryoma Ito, and Yash Nelapati launched the company in 2016. The Boson Protocol is a decentralized commerce environment enabled by an automated Web3 primitive. The firm has raised $10 million in five rounds of fundraising, with the most recent round raising $5 million in March. Lotus Capital and Gains Associates are two of the project’s investors. OpenSea is a New York-based corporation that owns and operates a digital collectibles marketplace. Over the course of six rounds of fundraising, the company has raised more than $127 million. Andreessen Horowitz and Dylan Field, among others, are among the startup’s investors. Rarible is an online marketplace where users may buy and sell NFTs. So far, the company has raised $16 million in three rounds of funding, with the most recent round in June bringing in over $14 million. Alexander Salnikov and Alexei Falin founded Rarible in the year 2020. For more details, click 10 NFT Startups Investors Are Flocking To.
