Crypto funding: A $72M week for cross-chain oracles, NFT merchandise
Eight crypto startups raised $72.2 million this week, with the largest sum going to a firm that’s developing a cross-chain oracle solution.
Supra raised $24 million in early-stage private investing rounds from Animoca, Coinbase Ventures, HashKey and over a dozen others.
Supra’s cross-chain tools are available on over 40 testnets, including Aptos, Arbitrum, BNB Chain and others, its website says. Supra will also be airdropping a native token, which will be distributed to funds, investors and node operators.
Investors this week also capitalized on the marriage of NFTs and apparel.
Web3 startup IYK, which stands for “If You Know,” announced a nearly $17 million fundraise from lead investor a16z Crypto, Collab Currency, Lattice Capital, 1kx, Synergis Capital and others.
IYK’s mission is to embed NFC (near-field communication) chips within merchandise or apparel items. This would allow customers to tap their smartphone on the chip and instantly confirm an item’s authenticity. IYK then gives them NFTs in exchange.
IYK’s clients so far include VÉRITÉ, an independent musician, 9dcc, and Adidas. Adidas and IYK partnered during NFT NYC 2023 for an exclusive limited shirt release that yielded 152 shirts.
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