• Zora, an NFT marketplace, has raised $50 million in a round led by Haun Ventures

  • Zora, an Ethereum-based marketplace for buying, trading, and curating non-fungible tokens, has acquired $50 million in additional funding, valuing the firm at $600

    The financing was headed by Haun Ventures, which was created by Katie Haun, who formerly worked at Andreessen Horowitz’s crypto fund Coinbase Ventures, Kindred Ventures, and other investors have also contributed.

    This is the first round headed by Haun’s new firm, which opened for business in March. Before becoming the first female general partner at Andreessen Horowitz, Haun worked as a prosecutor for the

    Zora, a platform that allows producers to create NFTs, has also held numerous NFT auctions, including one for the first TikTok-inspired NFT and auctions for the Warhol Foundation.

    “We have only seen the tip of the iceberg of NFTs in web3 and believe Zora will become one of the most important protocols (and DAOs) when the NFT ecosystem and accompanying use cases substantially develop in the years ahead,” stated Haun Ventures’ Sam Rosenblum in a blog post.

    According to data, the weekly transaction volume of NFTs reached at more than $1 billion in August of last year. It has recently cooled to just over $150 million.

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