VeeFriends Announces Seed Investment by a16z Crypto Fund

VeeFriends Announces Seed Investment by a16z Crypto Fund

VeeFriends officially closed a seed round with an undisclosed investment by a16z, a crypto-focused VC fund conglomerate backed by Andreessen Horowitz.

The new funding will be used to explore IP (intellectual property) expansion in both digital and physical spaces. It will also be used for new hires.

"We are pleased to announce we received a seed investment into the company by a16z crypto, which invests in entrepreneurs building the next internet," VeeFriends wrote in its announcement. "VeeFriends will use the capital injection to support building the future intellectual property of the 283 VeeFriends characters."

VeeFriends is founded by famous tech entrepreneur and internet personality Gary Vaynerchuk, better known as Gary Vee. It has completed more than 55,000 ETH in total volume traded on its Series 1 release this year. 

a16z has raised nearly $8 billion across its four funds. Its portfolio includes web2 companies like AirBNB, Lyft, Robinhood, Pinterest, and others. It also includes web3 and web3-friendly companies like Coinbase, Robolox, Uniswap, and now VeeFriends.

More about VeeFriends

At the time of publish, the VeeFriends floor price sits at 5.19 ETH, and has stayed relatively flat over the past 24 hours on 11 ETH volume of transactions. Over the last 30 days, 3 sharp wallets have sold 3 NFTs and 1 sharp wallets have bought 1 NFTs in the VeeFriends collection. Catch up on other recent VeeFriends news here.

Recent VeeFriends Sales

#7446sold at 12/09 8:12pm for
4.80
#1585sold at 12/09 3:12am for
6.00
#2908sold at 12/08 7:12pm for
5.00
#5404sold at 12/08 7:12pm for
4.90
#6491sold at 12/07 7:12pm for
5.09

Recent VeeFriends Listings

#7404listed at 12/10 6:12am for
50.0
#7404listed at 12/10 6:12am for
50.0
#1997listed at 12/10 4:12am for
15.0
#1997listed at 12/10 4:12am for
15.0
#7616listed at 12/09 10:12pm for
7.50
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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