EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital
Institutions need to keep their crypto assets somewhere. And they aren’t going to keep it on some random or consumer-grade crypto operation. This requires more sophisticated technology. Furthermore, being in the EU is going to be a key barrier to entry for many U.S. or Asia-based operations.
Thus it is that Berlin-based digital asset custody and financial services platform Finoa has closed a $22 million Series A funding round to do just that.
The round was led by Balderton Capital, alongside existing investors Coparion, Venture Stars and Signature Ventures, as well as an undisclosed investor.
Dapper Labs Reveals Plans For Next NFT Marketplace After NBA Top Shot
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Genies
Today, Dapper Labs, the Vancouver-based startup best known as the creator of NBA Top Shot and CryptoKitties, popular marketplaces for tokenized digital collectibles known as NFTs, announced a partnership with the celebrity-driven avatar technology company Genies to build a new marketplace on Dapper Labs’ Flow blockchain. Dapper Labs is currently valued at over $7.5 billion (according to a source familiar with the matter).
The new platform will be called the “Genies Marketplace”, and it is aiming to become the “Amazon of Digital Wearable NFTs” where celebrities and, ultimately, all platform users can create and sell digital wearable NFT collections for their avatars, or digital alter-egos. Genies will also periodically have challenges for users to unlock special wearables. Dapper Labs and Genies hope to launch the beta version sometime in the third quarter. Financial details
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April 20, 2021
Facebook/Los Angeles Lakers
In recent months, NFTs have sent shockwaves throughout the global investment community. NFTs, also known as non-fungible tokens, are virtual tokens that certify an asset s authenticity on the blockchain.
In only a few short months in the mainstream, NFTs have sparked speculation about how they will affect the future of collecting and investing.
The virality of NFTs is in part due to the fact that almost anything digital art, videos, music, memes, and even tweets can have them. NFTs have also gained considerable media coverage due to some outlandishly expensive sales and the prospect of getting rich quick.