NFT analytics platform Cryptoslam raises $9 million from Animoca Brands, Mark Cuban and Sound Ventures – Finance

On Wednesday, 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 and Guy Oseary's Sound Ventures also participated.

Cryptoslam Unveils $9 Million Capital Raise, Animoca Brands Leads Investments

Non-fungible tokens (NFTs) have become a big deal and a billion-dollar industry since the boom began last year. On January 5, 2022, the NFT-centric data and analytics platform Cryptoslam announced that the company has raised $9 million from strategic investors. According to the announcement, Animoca brands led Cryptoslam's capital raise, but Mark Cuban and Sound Ventures also took part. The above investors have invested a lot of money in NFT projects and blockchain startups.

For example, NFT protocol Unicly raised $10 million from Animoca Brands and Blockchain Capital in late November. Cryptoslam founder and CEO Randy Wasinger said the company is excited to bring investors like Animoca Brands and Mark Cuban on board. Wasinger also insists that NFTs are not going anywhere anytime soon as the blockchain trend is here for good, opined the Cryptoslam founder.

“NFTs entered the mainstream last year and are here to stay,” Wasinger said in a statement following the capital raise. "Since 2018, we have been laying the foundation to provide the NFT industry with the highest level of transparency, and this strategic capital increase is an important milestone for us on our continued growth path. We are blessed to have AnimocaBrands, Mark Cuban and an incredible list of other strategic investors who have partnered with us as we take this next step forward.”

Co-founder of Animoca Brands: 'Cross-chain aggregation and analysis of NFT data are essential services'

The well-known investor and billionaire Mark Cuban is a fan of NFT technology and has a valuable collection. In fact, Cuban owns Cryptopunk #869, which is currently valued at around 126.58 Ether or $432,000 today's key figures. In addition, Cuban also owns Bored Ape Yacht Club (BAYC) #1597 which has a minimum value of 67.89 Ether or $232,000 at the time of writing. According to Cryptoslam, its NFT collection rankings are considered a “leading cross-blockchain indicator of interest in NFT collections, similar to Coinmarketcap for cryptocurrencies.”

Yat Siu, the CEO and co-founder of Animoca Brands, agrees with Cryptoslam and says a reliable cross-blockchain indicator is needed in the industry. "Cross-chain NFT data aggregation and analysis are essential services for the development of the open metaverse, and Cryptoslam has clearly established itself as a leader in this space. We are very excited to support this talented team," Siu noted during the announcement.

Today, there are a number of cross-chain aggregation competitors and NFT metrics providers as NFT data has become very popular. Users and viewers get their NFT data and analytics from providers like Dune analysis, Defillama, Dappradar, Nonfungible.com and more.

What do you think about Cryptoslam raising $9 million from strategic investors? Let us know your thoughts on this topic in the comments below.

Jamie Redman

Jamie Redman is News Lead at Bitcoin.com News and a Florida-based financial technology journalist. Redman has been an active member of the cryptocurrency community since 2011. He is passionate about Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about today's emerging disruptive protocols.

Photo credits: Shutterstock, Pixabay, Wiki Commons, Cryptoslam.io