Tech investors pump millions into NFT start-ups as digital collectibles boom

cnbc2021-03-25

KEY POINTS NFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in the values of cryptocurrencies like bitcoin and ether. The trend hasn’t gone unnoticed by ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

ytryy
2021-03-25
ytryy
Like and comment
- Yy88:
  Ok
yl2021
2021-03-25
yl2021
Please like & comments.thanks
- Moneyface:
  Hi
Rache13
2021-03-25
Rache13
Latest
- Jansen127:
  hoot 9 e
phtan68
2021-03-25
phtan68
Virtue item worth
Farida
2021-03-25
Farida
[財迷]
jer88
2021-03-25
jer88
Is enjin coin part of nft?
- stormlee:
  Great!!!

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1105575328?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-25 17:34","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1105575328","market":"fut","top_or_hot":-1,"title":"Tech investors pump millions into NFT start-ups as digital collectibles boom","media":"cnbc","content":"<div>\n<p>KEY POINTS\n\nNFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in the values of cryptocurrencies like bitcoin and ether.\nThe trend hasn’t gone unnoticed by ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/25/nft-boom-vcs-pump-millions-into-digital-collectibles-start-ups.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tech investors pump millions into NFT start-ups as digital collectibles boom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTech investors pump millions into NFT start-ups as digital collectibles boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-25 17:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/25/nft-boom-vcs-pump-millions-into-digital-collectibles-start-ups.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nNFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in the values of cryptocurrencies like bitcoin and ether.\nThe trend hasn’t gone unnoticed by ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/25/nft-boom-vcs-pump-millions-into-digital-collectibles-start-ups.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".SPX","symbol_name":"S&P 500 Index","start_time":0,"source_url":"https://www.cnbc.com/2021/03/25/nft-boom-vcs-pump-millions-into-digital-collectibles-start-ups.html","article_id":"1105575328","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/03/25/nft-boom-vcs-pump-millions-into-digital-collectibles-start-ups.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1105575328","pubTimestamp":1616664877,"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nNFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a ris","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index","TWTR":"Twitter",".DJI":"道琼斯","GBTC":"Grayscale Bitcoin Trust",".IXIC":"NASDAQ Composite","TSLA":"特斯拉"},"translate_title":"随着数字收藏品的繁荣，科技投资者向NFT初创企业注入数百万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"BTCmain":0.9,"XBTmain":0.9,"GBTC":0.9,"TSLA":0.9,"TWTR":0.9},"content_text":"KEY POINTS\n\nNFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in the values of cryptocurrencies like bitcoin and ether.\nThe trend hasn’t gone unnoticed by investors, who have poured $90 million into NFT and digital collectibles companies so far in 2021.\n“It’s one of the most exciting developments we’ve seen in crypto for years,” Andrei Brasoveanu, a general partner at Accel, told CNBC.\n\nVenture capitalists are writing big checks for start-ups in the booming NFT space.\nNFTs, or non-fungible tokens, have exploded in popularity this year in tandem with a rise in the values of cryptocurrencies like bitcoin and ether. They’re a type of digital asset designed to track ownership of a unique virtual item — such as a piece of art or sports trading cards — using blockchain technology.\nLast year, the total value of NFT transactions quadrupled to $250 million, according to data from Nonfungible.com, while in the past month alone overall NFT sales volumes exceeded $220 million.\nThe trend hasn’t gone unnoticed by investors, who have poured $90 million into NFT and digital collectibles companies so far in 2021, according to data shared with CNBC by Pitchbook. That’s almost triple the $35 million that NFT start-ups raised last year.\nThe largest deal was for Sorare, a blockchain-based fantasy football game, which raised about $50 million in February from VC heavyweights like Benchmark and Accel, as well as soccer star Rio Ferdinand.\n“It’s one of the most exciting developments we’ve seen in crypto for years,” Andrei Brasoveanu, a general partner at Accel, told CNBC. “It’s one of those developments that has mass market appeal and could potentially impact a world outside the crypto niche.”\nThe second biggest investment this year was in OpenSea, an NFT marketplace, which bagged $23 million in a round led by Andreessen Horowitz last week.\nThe space may be set to attract millions more in venture capital funding, with reports that blockchain firm Dapper Labs is seeking a $250 million cash injection at a valuation of $2 billion. The company has gotten a big boost from demand for its NBA Top Shot digital collectibles platform created in partnership with the U.S. basketball league.\nRoham Gharegozlou, CEO and founder of Dapper Labs, called the report “baseless rumor” when approached by CNBC for comment. Hedge fund firm Coatue, which was reported to be leading the round, declined to comment.\nIt’s easy to see why some start-up investors have been tempted by the NFT space. The market is growing rapidly, with some digital collectibles being sold for millions of dollars. That’s happened alongside a rally in cryptocurrencies like bitcoin and ether, the latter of which is often used to trade NFTs.\nLast week, Twitter CEO Jack Dorsey sold the first-ever tweet for over $2.9 billion on the “Valuables” platform run by blockchain company Cent. Meanwhile, auction house Christie’s ran an auction for a virtual work from the artist Beeple which eventually sold for $69 million.\nStill, the NFT space has been met with skepticism from some creators and investors. Critics view it as another crypto fad that will eventually fade into irrelevance, and there are also worries about potential market manipulation, similar to that found in the traditional art world. Environmentalists, meanwhile, are alarmed at the energy required to fuel the NFT market.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":358105055,"gmtCreate":1616669715577,"gmtModify":1704797152529,"author":{"id":"3566052363001307","authorId":"3566052363001307","name":"ytryy","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358105055","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3880453,"gmtCreate":1616669876372,"gmtModify":1680781682121,"authorId":3572153673229379,"author":{"id":3572153673229379,"authorId":3572153673229379,"name":"Yy88","avatar":"https://static.tigerbbs.com/b3cd21c63a73776ed4297d2ea3cb0fab","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358105055,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":358108399,"gmtCreate":1616669251711,"gmtModify":1704797149074,"author":{"id":"3576231438371359","authorId":"3576231438371359","name":"yl2021","avatar":"https://static.tigerbbs.com/9130003d93212acf586123bc8fe8a1e0","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Please like &amp; comments.thanks","listText":"Please like &amp; comments.thanks","text":"Please like & comments.thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358108399","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3880421,"gmtCreate":1616669562345,"gmtModify":1680781677376,"authorId":3568731733246034,"author":{"id":3568731733246034,"authorId":3568731733246034,"name":"Moneyface","avatar":"https://static.tigerbbs.com/bd761fe3d55bd38bd86fe04152134899","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358108399,"type":1,"supId":0,"prevId":0,"content":"Hi","text":"Hi","html":"Hi"}],"langContent":"EN"},{"id":358109738,"gmtCreate":1616669025524,"gmtModify":1704797146000,"author":{"id":"3573532802717234","authorId":"3573532802717234","name":"Rache13","avatar":"https://static.tigerbbs.com/ccf273862879d166aad5128bba7a8589","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Latest","listText":"Latest","text":"Latest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358109738","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3880367,"gmtCreate":1616669086113,"gmtModify":1680781675964,"authorId":3567722403344826,"author":{"id":3567722403344826,"authorId":3567722403344826,"name":"Jansen127","avatar":"https://static.tigerbbs.com/a76eea9e4acedb7e3bb72074bf83c3ad","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358109738,"type":1,"supId":0,"prevId":0,"content":"hoot 9 <u>e</u>","text":"hoot 9 <u>e</u>","html":"hoot 9 <u>e</u>"}],"langContent":"EN"},{"id":358377478,"gmtCreate":1616668679094,"gmtModify":1704797143400,"author":{"id":"3574739732742262","authorId":"3574739732742262","name":"phtan68","avatar":"https://static.tigerbbs.com/6e3f25ca6f0628d3425ae8bb0e944aab","vip":1,"crmLevel":5,"crmLevelSwitch":1},"htmlText":"Virtue item worth","listText":"Virtue item worth","text":"Virtue item worth","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358377478","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":358372301,"gmtCreate":1616668239903,"gmtModify":1704797138231,"author":{"id":"3570019694307822","authorId":"3570019694307822","name":"Farida","avatar":"https://static.tigerbbs.com/a47cbc0316f151ff39c8b8a3f530a7f2","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"[財迷]&nbsp;","listText":"[財迷]&nbsp;","text":"[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358372301","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":358373190,"gmtCreate":1616667831610,"gmtModify":1704797134027,"author":{"id":"3558393758595354","authorId":"3558393758595354","name":"jer88","avatar":"https://static.tigerbbs.com/c64b2a57368e6315cf4e91bbf34325ac","vip":1,"crmLevel":2,"crmLevelSwitch":0},"htmlText":"Is enjin coin part of nft?","listText":"Is enjin coin part of nft?","text":"Is enjin coin part of nft?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358373190","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3902548,"gmtCreate":1616891769319,"gmtModify":1680782018068,"authorId":3571959390768435,"author":{"id":3571959390768435,"authorId":3571959390768435,"name":"stormlee","avatar":"https://static.tigerbbs.com/80629ef9648273c0d6465aee66dbd98a","vip":1,"currentWearingBadge":{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.10.07","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1001},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358373190,"type":1,"supId":0,"prevId":0,"content":"Great!!!","text":"Great!!!","html":"Great!!!"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":34,"commentSize":16,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1105575328"}