NFT platform Autograph Raises $170M in Series B funding

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Autograph, an NFT platform centered on investing in sports activities, leisure, and tradition based by Super Bowl champion Tom Brady, has raised $170 million in Series B funding co-led by a16z and Kleiner Perkins.

 

Per the announcement on Wednesday, Autograph mentioned the financing will use the funds to develop the ability of Web3 creation and produce NFT expertise and proceed to develop companions. The financing additionally provides three new members to the board, together with Horne, Arianna Simpson of a16z and Ilya Fushman of Kleiner Perkins.

Additional buyers embody investments from Lightspeed companions Nicole Quinn and Katie Haun and a follow-on infusion from San Francisco-based enterprise capital agency 01A. According to TechCrunch knowledge, the first spherical of funding, co-led by 01A and Velvet Sea Ventures, closed in July.

Autograph brings collectively probably the most iconic manufacturers and legendary sports activities, leisure and tradition to create distinctive digital collections and experiences.

Arianna Simpson, the final accomplice at a16z, mentioned it was an honour to hitch the board, saying that:

“Autograph has truly shown itself to be a rocketship in the past six months. Their NFT platform is delivering digital experiences that excite mainstream consumers, not just the crypto community.”

Rather than choosing the Ethereum blockchain, Autograph selected to supply its NFTs on the Polygon blockchain, bearing in mind the influence on the atmosphere, because it makes use of considerably much less vitality per transaction.

Last July, Autograph Series introduced a partnership with DraftKings, and final December, Brady co-released digital collectables from the NFL representing moments of his soccer profession, together with cleats and jerseys.

Image supply: Shutterstock

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