A stunning leap has taken place in the non-fungible token (NFT) market. The NFT market has reached about $27 billion this year, according to a Chainalysis report. Today we offer a look at promising venture projects specializing in NFTs.
Country: USA (San Francisco)
Investments: $4 million (seed stage only!)
What they do: Mnemonic is engaged in NFT in the B2B segment. Mnemonic provides a non-fungible token (NFT) analytics platform designed to facilitate API functions and cross-chain aggregation that enable developers to build NFT-centric applications, analytics tools, and more with NFT data. It provides reliable, real-time access to every NFT datapoint imaginable, making it an indispensable resource for anyone building Web3 projects.
Company plans: Mnemonic plans to provide quantitative information on the blockchain about popular collections in the emerging sector, starting with Lazy Lions, World of Women, Gutter Cat Gang and Dystopunks, and expand the set of collections for analysis.
2. Art rights
Country: Italy (Cagliari)
Investments : €4 million
What they do: Startup Art rights allows artists to certify and manage the copyright of their works of art through NFT, simplifies the interaction between artists, collectors, galleries and museums. An added benefit of the company is that every user on the marketplace is verified using know-your-customer (KYC) protocols.
The company plans: entering the European market, technical improvement of its platform, expansion of the partner base with museums, collectors and artists.
3. Dapper Labs
Country: Canada (British Columbia)
Investments: $607.5 million
What they do: Dapper Labs focuses on developing collectible games built on the blockchain, including CryptoKitties, NBA Top Shot, and Dapper Wallet. The startup is also promoting its decentralized gaming platform Flow.
Company plans: In September, the company entered into a partnership with Google to scale Flow. It is planned to expand partnerships with athletes and sports clubs. Partner with NFT startups to expand NBA Top Shot's own NFT platform, moving away from transactions using the Ethereum network.
4. Yield Guild
Country: Quezon, Philippines
Investments: $22.4M (Series Unknown)
What they do: Yield Guild is a decentralized autonomous organization (DEO) whose mission is to develop the largest virtual world economy. It aims to achieve its mission by gathering a community of play-to-earn gamers who play to earn and collect token rewards. Yield Guild’s vision has attracted funds from over 40 investors over 2 funding rounds.
Counry: Atlanta, Georgia
Investments: $5.9M (Seed)
What they do: MomentRanks operates an NFT platform that allows users to manage and trade their digital assets. On the surface, this sounds like any other NFT platform. MomentRank’s competitive advantage is that it targets a niche audience by using their ecosystem only for NBA Top Shot non-fungible tokens. Although NBA Top Shot targets a relatively narrow audience, it has accumulated a very impressive market cap of $593M.