San Francisco-based non fungible tokens (NFT) startup Bitski raised $19 million in Series A funding led by Andreessen Horowitz. Various creators and celebrities, including Jay-Z also participated in the investment. In total, the company has raised $23.4 million to date. The company provides NFT infrastructure by enabling the creation of custom storefronts, providing a wallet and developer tools.
Just yesterday, Bitski ran an auction of NFTs for Trevor Lawrence, the first pick in the 2021 NFL football Draft. The NFTs celebrate his achievement and the $87,000 raised will go towards Jacksonville charities following his signing with the Jacksonville Jaguars.
A couple of months have passed since the NFT hype reached a peak with the $69 million digital art auction at Christie’s in early March. Despite the slight drop-off in interest, NFTs are still making headlines. Ever more brands are partnering with NFT developers such as Playboy and SEGA.
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