A16z leads $25 million seed round for NFT infrastructure startup Co:Create - BitcoinEthereumNews.com
Mga NFTNangunguna ang A16z ng $25 million seed round para sa NFT infrastructure startup Co:Create05 / 11 / 2022Balita ng Ethereum ng Bitcoin Co:Create, a crypto startup building an infrastructure protocol to help NFT projects launch tokens and manage DAOs, has raised $25 million in a seed round led by Andreessen Horowitz (a16z). Other investors include Tom Brady‘s NFT platform Autograph, Packy McCormick’s Not Boring Capital, FTX Ventures‘ Amy Wu, Gary Vaynerchuk’s VaynerFund and the teams behind NFT fractionalization platform Fractional.art and Nike-acquired NFT studio RTFKT, the company anounced on Tuesday. ‘Beyond the drop’ Co:Create says its protocol, currently under development, aims to help NFT projects “go beyond the drop,” meaning beyond just creating digital collectibles and selling them. “We want to support decentralized brands of the future,” Tara Fung, co-founder and CEO of Co:Create, told The Block in an interview. “The combination of NFT plus fungible native token and DAO will just unlock the full potential of NFT projects and web3 brands.” Fung said NFTs are more than just digital collectibles. They are “programmable assets” that can be used to unlock certain benefits, such as a game, an event, an experience or other goods and services. She went on to say that if an NFT project