May 27, 2022

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NFT Analytics Platform Cryptoslam Raises $9M From Animoca Brands, Mark Cuban, Sound Ventures

NFT Analytics Platform Cryptoslam Raises $9M From Animoca Brands, Mark Cuban, Sound Ventures

On Wednesday, the non-fungible token (NFT) data and analytics platform Cryptoslam raised $9 million in a capital funding round led by Animoca Brands. Cryptoslam detailed that Mark Cuban participated in the financing and Ashton Kutcher’s and Guy Oseary’s Sound Ventures joined in as well.

Cryptoslam Reveals $9 Million Capital Raise, Animoca Brands Leads Investment

Non-fungible tokens (NFTs) have become a big deal and a billion-dollar industry since the boom started last year. On January 5, 2022, the NFT-centric data and analytics platform Cryptoslam revealed the company raised $9 million from strategic investors. According to the announcement, Animoca Brands led Cryptoslam’s capital raise, but Mark Cuban and Sound Ventures also participated. The aforementioned investors have been investing a great deal of funds into NFT projects and blockchain startups.

For instance, at the end of November, the NFT protocol Unicly raised $10 million from Animoca Brands and Blockchain Capital. Cryptoslam’s founder and CEO, Randy Wasinger, said the company was thrilled to get investors like Animoca Brands and Mark Cuban onboard. Wasinger also insists that NFTs are not going anywhere any time soon, as the blockchain trend is here for good, the Cryptoslam founder opined.

“NFTs entered the mainstream this past year and are here to stay,” Wasinger said in a statement following the capital raise. “Since 2018, we’ve been laying the groundwork to provide ultimate transparency for the NFT industry, and this strategic capital raise marks a key milestone for us as we continue to grow along with it. We’re blessed to have Animoca Brands, Mark Cuban and an incredible list of other strategic investors aligned with us as we take this next step forward.”

Co-Founder of Animoca Brands: ‘Cross-Chain Aggregation and Analysis of NFT Data Are Services Essential’

The well known investor and billionaire Mark Cuban is a fan of NFT technology and owns a valuable collection. In fact, Cuban owns Cryptopunk #869 that currently has a valuation of around 126.58 ether or $432K, according to today’s metrics. Furthermore, Cuban also owns Bored Ape Yacht Club (BAYC) #1597, which has a floor value of 67.89 ether or $232K at the time of writing. Cryptoslam says its NFT collection rankings are recognized as a “leading cross-blockchain indicator of interest in NFT collections, much like Coinmarketcap is for cryptocurrencies.”

Yat Siu, the executive chairman and co-founder of Animoca Brands agrees with Cryptoslam and says that a reliable cross-blockchain indicator in the industry is needed. “Cross-chain aggregation and analysis of NFT data are services essential to the development of the open metaverse, and Cryptoslam has clearly established itself as a leader in this area. We’re thrilled to support this talented team,” Siu remarked during the announcement.

There are a number of cross-chain aggregation competitors and NFT metrics providers these days, as NFT data has become very popular. Users and spectators are getting their NFT data and analytics from providers like Dune Analytics, Defillama, Dappradar, Nonfungible.com, and more.

What do you think about Cryptoslam raising $9 million from strategic investors? Let us know what you think about this subject in the comments section below.