NFT platform OneOf has closed a funding round of over $8m, bringing the total capital raised to over $72m. Amex Ventures was one of the investors that participated.
OneOf positions itself as a green NFT platform that uses energy-efficient blockchains and partners with music artists, athletes and lifestyle brands. It has collaborated with the Grammys, Warner Music, Sports Illustrated, Gatorade and eBay, amongst others. It is thus no surprise that the platform’s existing investors include heavyweights like Galaxy Digital and the Tezos blockchain.
Amex’s backing of the platform is significant as it suggests that the card company is angling to get involved with NFTs. It is not a stranger to blockchain technology, having invested in FalconX, Abra and TRM Labs.
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