CryptoSlam Nets $9 Million in Seed Round Led by Animoca Brands

Announcement of the round was made Jan. 1st by Animoca Brands, a Hong Kong-based venture capital and game software company.

CryptoSlam provides data and transparency to the NFT industry. It ranks the top NFT collections based on sales volume on secondary market.

Blockdream Ventures and Polygon are additional investors.

A number of angel investors and individuals also contributed to the $9 million strategic funding round. These include Reid Hoffman, James Park, Fitbit’s James Park, Randall Kaplan, Akamai Technologies’ Randall Kaplan), The Sandbox’s Sebastien Boget, and Rotten Tomatoes cofounders Stephen Wang, and Patrick Lee.

Additionally, CryptoSlam preseed investors Mark Cuban (Sonic Ventures) participated.

CryptoPotato reported on Jan. 5 that Animoca led a $5m investment round in the Solana-based Exotic Markets AAO.

We are thrilled to announce the closing of our strategic seed round in the amount of $9 million, led by Animoca Brands.

Huge thanks to @animocabrands and @OKEx, @sound_ventures_,@aplusk,@guyoseary, @KCRiseFund, @markpinc, @reidhoffman, @BinanceChain, @0xPolygon, @rottendoubt!

https://t.co/U8WqqBvknl pic.twitter.com/m8Yrc6BiYO

— CryptoSlam! (@cryptoslamio January 5, 2022

NFT Growth Continues

CryptoSlam is now the NFT equivalent to CoinMarketCap and CoinGecko. It shares the analytics space of Nonfungible.com. This portal has experienced a huge increase in traffic, in conjunction with an explosion of interest in NFTs in the last year.

Randy Wasinger, founder and CEO of CryptoSlam commented on the incredible growth, before adding that NFTs “are here to stay.” Mark Cuban, a billionaire investor, added his voice to the sentiment,

“I am excited by what CryptoSlam accomplished to be de facto the source of pricing and information on all things NFT.”

The investment will help to grow the platform team to 20 members. The platform will be further developed, with additional blockchains and new products launched. A developer API will be created to allow developers to use the platform.

NFTs continue to rise despite the crypto market pullback. Kevin O’Leary, Shark Tank’s Chief Analyst, stated that the NFT market could surpass Bitcoin.

OpenSea, the leading NFT marketplace, has seen an increase in trading volume. $1.17 Billion was reported in January alone. And this is just a week into the year!

pe Mania Leading NFT Sales

CryptoSlam currently lists Mutant Ape Yacht Club, which has a sales volume of $94 Million, as the best-selling NFT collection. With $87 million in secondary market sales in the last week, the sibling collection of Bored Apes comes in second.

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