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A16z leads VeeFriends’ $50 M seed funding round

Gary Vee’s flagship Web3 effort, his very personal VeeFriends NFT challenge, has raised $50 M in a present round of funding led by Andreessen Horowitz (a16z). The new cash injection will primarily be used to help VeeFriends’ IP 283 character event, however, the cash may also be used to scale VeeFriends’ inventive, technical, and experimental operations.

At this time, it has not been revealed if there were other members within the spherical, or if a16z were the only contributors. Speaking about the spherical, Chris Lyons, a regular companion at a16z said:

“Vee Friends is not only an exciting NFT challenge, but also an offline and in-person utility using curated experiences such ad VeeCon, that brings together more than 7,000 NFT ticket holders each week for informative conversations on Web 3, local music, and networking. VeeFriends represents the ethos of entrepreneurship, and we are excited about the opportunity to help Gary and the VeeFriends community on this journey”.

In supporting the challenge using its monetary power, a16z joins a lengthy checklist of prominent names that have additionally put the NFT challenge on paper. All in all, VeeFriends has released more than 10 collaborations, one of the most notable of which is the launch of the VeeFriends-branded Deck UNO in cooperation with Mattel Creations.

In its relatively short lifetime, the assortment has raised more than 200,000 ETH in gross wholesale and secondary sales, subsequently placing it in the top 30 most traded collection in OpenC.

About Humano

He is a freelance writer based in Turkey. He loves NFTs, football, film and technology.

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