June 27, 2022

Tom Brady’s NFT Platform Autograph Announces $170M Raise

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Tom Brady's NFT Platform Autograph raises $170 million fund

Autograph– the nonfungible token (NFT)platform co-founded by popular American football quarterback Tom Brady has actually revealed the successful conclusion of a $170 million financing round.

Autograph To Use Fund To Scale Its NFT Technology

According to a Wednesday statement by Autograph, the Series B round was co-led by Venture Capital (VC) firm Kleiner Perkin and Andreessen Horowitz– otherwise called a16z.

The round also had in involvement, San Francisco-based venture company 01A, and other personal crypto financiers like Nicole Quinn of Lightspeed Venture Partners.

Meanwhile, according to the company, the fund raised will be primarily channeled into scaling its NFT technology. However, the staying part of the fund will be diverted towards a series of futuristic cooperations, even as the company seeks to expand its user base.

Interestingly, it wasn’t just an investment deal in between Autograph and investing partners. The cooperation also saw a16z general partner Arianna Simpson, Haun and Kleiner Perkins partner Ilya Fushman signing up with the board of directors at the firm.

In addition, the collaboration likewise saw Chris Dixon– another a16z basic partner signing up with the company’s board of consultants.

With these brand-new additions tools group, Autograph will be intending to help bolster mainstream adoption of NFTs and cryptocurrencies in basic.

Not New To Huge Partnerships

Interestingly, Autograph may have had a series of collaborations in the past however maybe not as much a huge deal as this.

Given that introducing in August in 2015, the platform has actually teamed up with major sports and entertainment brands, mainly for NFT collections.

Its NFT market for instance, includes NFTs from female tennis superstar Naomi Osaka and skateboarder Tony Hawk, among others.

But it merits to keep in mind that Andreessen Horowitz has been responsible for backing a few of the biggest financing rounds seen in blockchain projects.

And this just-concluded Series B financing round, may be all Autograph requires in order to fast-track its growth strategies.

The post Tom Brady’s NFT Platform Autograph Announces $170M Raise appeared initially on CoinGape.