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 ...

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ytryy
·2021-03-25
Like and comment
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2
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- Yy88:
  Ok
  2021-03-25
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yl2021
·2021-03-25
Please like & comments.thanks
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4
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- Moneyface:
  Hi
  2021-03-25
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Rache13
·2021-03-25
Latest
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3
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- Jansen127:
  hoot 9 e
  2021-03-25
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phtan68
·2021-03-25
Virtue item worth
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Farida
·2021-03-25
[財迷]
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1
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jer88
·2021-03-25
Is enjin coin part of nft?
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- stormlee:
  Great!!!
  2021-03-28
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KHYAP
·2021-03-25
This round not tech sector turn
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1
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- PJoo:
  Coming back!
  2021-03-26
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Pepeflabs
·2021-03-25
Heyyy pls like and comment thankieww!!
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- Pepeflabs:
  commented
  2021-03-26
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- Pepeflabs:
  Bargain hunters may want to think twice before piling into China’s beaten-down technology stocks.
  
  While the industry rallied Friday on bets a $732 billion selloff in the biggest Chinese tech giant
  2021-03-26
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- Yongi:
  comment
  2021-03-26
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MFME
·2021-03-25
Another pump??
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Arch_Mints_
·2021-03-25
As long can make you money!
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diggydog
·2021-03-25
I really don't understand why some people spend crazy amount of money for such things.
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- Sumei:
  Agree. their bitcoin millions are now funding their NFT purchases.
  2021-03-25
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- Lynny:
  They were the early crpto adopters and made millions. Now they use their gains to buy these NFTs.
  2021-03-25
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- KHYAP:
  Tech value is over estimated
  2021-03-25
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ZiiHengg
·2021-03-25
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- Derrickcdh:
  k
  2021-03-25
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- Pepeflabs:
  sure boss
  2021-03-25
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YOOGIN
·2021-03-25
Hahaha NFT is insane. Please like and comment
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- jijimo:
  Comment
  2021-03-25
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- Lty1098:
  Please like n comment
  2021-03-25
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wywy
·2021-03-25
hi
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- Pepeflabs:
  waddup mydude
  2021-03-25
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ArkInvest
·2021-03-25
i hate nft
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jun26
·2021-03-25
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5
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- Farida:
  Ok
  2021-03-25
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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":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","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":2,"crmLevelSwitch":0,"authorIdStr":"3566052363001307","idStr":"3566052363001307"},"htmlText":"Like and comment","listText":"Like and comment","text":"Like and 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not tech sector turn&nbsp;","listText":"This round not tech sector turn&nbsp;","text":"This round not tech sector turn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358379588","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3885412,"gmtCreate":1616715013572,"gmtModify":1680781755797,"authorId":3572863479502236,"author":{"id":3572863479502236,"idStr":"3572863479502236","authorId":3572863479502236,"name":"PJoo","avatar":"https://static.tigerbbs.com/c1df329f4341646fc633446858d34c31","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358379588,"type":1,"supId":0,"prevId":0,"content":"Coming back!","text":"Coming back!","html":"Coming back!"}],"langContent":"EN"},{"id":358345372,"gmtCreate":1616667108996,"gmtModify":1704797126879,"author":{"id":"3573162818118967","authorId":"3573162818118967","name":"Pepeflabs","avatar":"https://static.tigerbbs.com/bb2ce4a85b6af8ab6f45834a991797c6","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3573162818118967","idStr":"3573162818118967"},"htmlText":"Heyyy pls like and comment thankieww!!","listText":"Heyyy pls like and comment thankieww!!","text":"Heyyy pls like and comment thankieww!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/358345372","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3889272,"gmtCreate":1616746256286,"gmtModify":1680781812609,"authorId":3573162818118967,"author":{"id":3573162818118967,"idStr":"3573162818118967","authorId":3573162818118967,"name":"Pepeflabs","avatar":"https://static.tigerbbs.com/bb2ce4a85b6af8ab6f45834a991797c6","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358345372,"type":1,"supId":3885919,"prevId":0,"content":"commented","text":"commented","html":"commented"},{"id":3889329,"gmtCreate":1616746575449,"gmtModify":1680781811887,"authorId":3573162818118967,"author":{"id":3573162818118967,"idStr":"3573162818118967","authorId":3573162818118967,"name":"Pepeflabs","avatar":"https://static.tigerbbs.com/bb2ce4a85b6af8ab6f45834a991797c6","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358345372,"type":1,"supId":3880163,"prevId":0,"content":"Bargain hunters may want to think twice before piling into China’s beaten-down technology stocks.<p></p>\n<p>While the industry rallied Friday on bets a $732 billion selloff in the biggest Chinese tech giant</p>","text":"Bargain hunters may want to think twice before piling into China’s beaten-down technology stocks.<p></p>\n<p>While the industry rallied Friday on bets a $732 billion selloff in the biggest Chinese tech giant</p>","html":"Bargain hunters may want to think twice before piling into China’s beaten-down technology stocks.<p></p>\n<p>While the industry rallied Friday on bets a $732 billion selloff in the biggest Chinese tech giant</p>"},{"id":3885919,"gmtCreate":1616717712999,"gmtModify":1680781766578,"authorId":3574572004481450,"author":{"id":3574572004481450,"idStr":"3574572004481450","authorId":3574572004481450,"name":"Yongi","avatar":"https://static.tigerbbs.com/5c06318aac4514e34762a2a9c9406f64","vip":1,"crmLevel":1,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358345372,"type":1,"supId":0,"prevId":0,"content":"<u>comment</u>","text":"<u>comment</u>","html":"<u>comment</u>"},{"id":3880163,"gmtCreate":1616667124469,"gmtModify":1680781683306,"authorId":3576217643343722,"author":{"id":3576217643343722,"idStr":"3576217643343722","authorId":3576217643343722,"name":"Derrickcdh","avatar":"https://static.tigerbbs.com/953051dab1230cfb9068f2121aa72fc1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358345372,"type":1,"supId":0,"prevId":0,"content":"<u>Ok</u>","text":"<u>Ok</u>","html":"<u>Ok</u>"}],"langContent":"EN"},{"id":358354991,"gmtCreate":1616666146213,"gmtModify":1704797112956,"author":{"id":"3574399983193226","authorId":"3574399983193226","name":"MFME","avatar":"https://static.tigerbbs.com/9c7d2325aa9eb91869c4c7144270a75a","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":7,"crmLevelSwitch":1,"authorIdStr":"3574399983193226","idStr":"3574399983193226"},"htmlText":"Another pump??","listText":"Another pump??","text":"Another pump??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358354991","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":358355546,"gmtCreate":1616666106385,"gmtModify":1704797112470,"author":{"id":"3576121666701741","authorId":"3576121666701741","name":"Arch_Mints_","avatar":"https://static.tigerbbs.com/c24a88acc5f19ddae6f47bbaa50a5344","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3576121666701741","idStr":"3576121666701741"},"htmlText":"As long can make you money!","listText":"As long can make you money!","text":"As long can make you money!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358355546","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":358356513,"gmtCreate":1616665920532,"gmtModify":1704797110204,"author":{"id":"3575091423649914","authorId":"3575091423649914","name":"diggydog","avatar":"https://community-static.tradeup.com/news/476e481044aa54d1d955e8bc4b856dd4","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3575091423649914","idStr":"3575091423649914"},"htmlText":"I really don't understand why some people spend crazy amount of money for such things.","listText":"I really don't understand why some people spend crazy amount of money for such things.","text":"I really don't understand why some people spend crazy amount of money for such things.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/358356513","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3882024,"gmtCreate":1616679462375,"gmtModify":1680781702993,"authorId":3566259831309087,"author":{"id":3566259831309087,"idStr":"3566259831309087","authorId":3566259831309087,"name":"Sumei","avatar":"https://static.tigerbbs.com/ae0a2af1baf6b07a87ffdf41ea17959a","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358356513,"type":1,"supId":3880823,"prevId":0,"content":"Agree. their bitcoin millions are now funding their NFT purchases. ","text":"Agree. their bitcoin millions are now funding their NFT purchases. ","html":"Agree. their bitcoin millions are now funding their NFT purchases. "},{"id":3880823,"gmtCreate":1616672990216,"gmtModify":1680781683548,"authorId":3576275613425159,"author":{"id":3576275613425159,"idStr":"3576275613425159","authorId":3576275613425159,"name":"Lynny","avatar":"https://static.tigerbbs.com/7c0b8b78e97626dedf9ed61da1957ab7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358356513,"type":1,"supId":0,"prevId":0,"content":"They were the early crpto adopters and made millions.  Now they use their gains to buy these NFTs. ","text":"They were the early crpto adopters and made millions.  Now they use their gains to buy these NFTs. ","html":"They were the early crpto adopters and made millions.  Now they use their gains to buy these NFTs. "},{"id":3880239,"gmtCreate":1616667770157,"gmtModify":1680781679338,"authorId":3562150941808297,"author":{"id":3562150941808297,"idStr":"3562150941808297","authorId":3562150941808297,"name":"KHYAP","avatar":"https://static.tigerbbs.com/134bef1736613cccadcb5091adcc32aa","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358356513,"type":1,"supId":0,"prevId":0,"content":"Tech value is over estimated","text":"Tech value is over estimated","html":"Tech value is over estimated"}],"langContent":"EN"},{"id":358358627,"gmtCreate":1616665823669,"gmtModify":1704797108264,"author":{"id":"3563090527528326","authorId":"3563090527528326","name":"ZiiHengg","avatar":"https://static.tigerbbs.com/a2ae8d75c8c38770c5ec1adc4352fcee","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3563090527528326","idStr":"3563090527528326"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/358358627","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3880165,"gmtCreate":1616667130843,"gmtModify":1680781683125,"authorId":3576217643343722,"author":{"id":3576217643343722,"idStr":"3576217643343722","authorId":3576217643343722,"name":"Derrickcdh","avatar":"https://static.tigerbbs.com/953051dab1230cfb9068f2121aa72fc1","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358358627,"type":1,"supId":0,"prevId":0,"content":"<u>k</u>","text":"<u>k</u>","html":"<u>k</u>"},{"id":3880161,"gmtCreate":1616667119836,"gmtModify":1680781682914,"authorId":3573162818118967,"author":{"id":3573162818118967,"idStr":"3573162818118967","authorId":3573162818118967,"name":"Pepeflabs","avatar":"https://static.tigerbbs.com/bb2ce4a85b6af8ab6f45834a991797c6","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358358627,"type":1,"supId":0,"prevId":0,"content":"sure boss","text":"sure boss","html":"sure boss"}],"langContent":"EN"},{"id":358358059,"gmtCreate":1616665752171,"gmtModify":1704797107941,"author":{"id":"3558365337828428","authorId":"3558365337828428","name":"YOOGIN","avatar":"https://static.tigerbbs.com/4fc4ff7b47cdfe259e0e84eb3b969746","vip":1,"crmLevel":9,"crmLevelSwitch":1,"authorIdStr":"3558365337828428","idStr":"3558365337828428"},"htmlText":"Hahaha NFT is insane. Please like and comment&nbsp;","listText":"Hahaha NFT is insane. Please like and comment&nbsp;","text":"Hahaha NFT is insane. Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/358358059","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3880212,"gmtCreate":1616667532367,"gmtModify":1680781676056,"authorId":3577075923922212,"author":{"id":3577075923922212,"idStr":"3577075923922212","authorId":3577075923922212,"name":"jijimo","avatar":"https://static.tigerbbs.com/22bac6d28b6513739fc962def9c071bd","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358358059,"type":1,"supId":3880003,"prevId":0,"content":" Comment","text":" Comment","html":" Comment"},{"id":3880003,"gmtCreate":1616665815531,"gmtModify":1680781669602,"authorId":3573201360768736,"author":{"id":3573201360768736,"idStr":"3573201360768736","authorId":3573201360768736,"name":"Lty1098","avatar":"https://static.tigerbbs.com/0123641e5b1e8993162711702dcb0f22","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358358059,"type":1,"supId":0,"prevId":0,"content":"Please like n comment","text":"Please like n comment","html":"Please like n comment"}],"langContent":"EN"},{"id":358351597,"gmtCreate":1616665697919,"gmtModify":1704797107129,"author":{"id":"3566982670449095","authorId":"3566982670449095","name":"wywy","avatar":"https://static.tigerbbs.com/76ed86374fc7b16c12094c45ea30787c","vip":2,"hat":"https://static.tigerbbs.com/f84d87792f02cf78e80ee34979fd31e5","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3566982670449095","idStr":"3566982670449095"},"htmlText":"hi&nbsp;","listText":"hi&nbsp;","text":"hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358351597","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3880167,"gmtCreate":1616667140081,"gmtModify":1680781682637,"authorId":3573162818118967,"author":{"id":3573162818118967,"idStr":"3573162818118967","authorId":3573162818118967,"name":"Pepeflabs","avatar":"https://static.tigerbbs.com/bb2ce4a85b6af8ab6f45834a991797c6","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358351597,"type":1,"supId":0,"prevId":0,"content":"waddup mydude","text":"waddup mydude","html":"waddup mydude"}],"langContent":"EN"},{"id":358351120,"gmtCreate":1616665634360,"gmtModify":1704797106642,"author":{"id":"3559463359065359","authorId":"3559463359065359","name":"ArkInvest","avatar":"https://static.tigerbbs.com/6dfcf7df27430673110d69ba1374e540","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3559463359065359","idStr":"3559463359065359"},"htmlText":"i hate nft","listText":"i hate nft","text":"i hate nft","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/358351120","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":358350530,"gmtCreate":1616665246220,"gmtModify":1704797102602,"author":{"id":"3575595901245834","authorId":"3575595901245834","name":"jun26","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575595901245834","idStr":"3575595901245834"},"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/358350530","repostId":1105575328,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3880291,"gmtCreate":1616668255923,"gmtModify":1680781680969,"authorId":3570019694307822,"author":{"id":3570019694307822,"idStr":"3570019694307822","authorId":3570019694307822,"name":"Farida","avatar":"https://static.tigerbbs.com/a47cbc0316f151ff39c8b8a3f530a7f2","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":358350530,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":34,"commentSize":16,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false}}