Tuesday, September 26, 2023
HomeTop NFT CollectionA16z Leads $50M Seed Round for Gary Vaynerchuk’s NFT Project

A16z Leads $50M Seed Round for Gary Vaynerchuk’s NFT Project

  • VeeFriends current lowest price is 7.18 ETH
  • The 24-hour trading volume is 51.205 ETH, an increase of about 28%, with 7 turnovers.

Venture capital firm Adreessen Horowitz (a16z) said it is leading the huge $ 50 million seed round of Gary Vaynerchuk’s NFT project VeeFriends.

Inspired by celebrities, VaynerMedia CEO Gary Vaynerchuk, or Gary Vee, launched VeeFriends in May 2021.

VeeFriends plans to use Seed Capital to extend its intellectual property (IP) to the physical and digital platforms of 283 VeeFriends characters. according to For medium posts. The platform is also planning new hires.

AndreessenHorowitz general partner ChrisLyons tweeted more details about his company helping the “growing Web3 company.” A spokesman for Vaynerchuk declined to comment.

Lyons also claimed that VeeFriends “represents the spirit of entrepreneurship” and praised Vaynerchuk’s “commitment to helping community members grow personally.”

Vaynerchuk hand-drawn each cartoon animal, for example the “wise bee” or the “generous gerbil”, in the style of doodle art and attributed certain human characteristics to it. 17 such characters appear in the UNO special edition deck.

Lyons found that some of these “meaningful attributes for humanity” (tolerance, perseverance, authenticity) inspire communities.

Each token grants admission to a VeeCon conference. The first conference was held in Minneapolis in May this year. Tokens are categorized into three tiers, with rarity categorized by background color and level of access to VeeCon and GaryVaynerchuk.

VeeFriends Said The collection has accumulated over 200,000 ETH in primary and secondary sales with a relatively short lifespan. It is included in OpenSea’s top 30 most traded collections to date.

A spin-out collection, VeeFriends Series 2, was released earlier this year with new characters. Part of the second collection’s utility is a collectible trading card game.

A16z also recently lead A $25 million seed round to fund the launch of Co:Create, a new protocol that supports the growth of NFT projects and allows them to launch their own native tokens. Vaynerchuk’s investment fund, he was also an investor in VaynerFund.

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  • Ornella Hernandez



    Ornella is a Miami-based multimedia journalist covering NFTs, Metaverse and DeFi. Prior to joining Blockworks, she produced Cointelegraph reports and worked on CNBC and on television stations such as Telemundo. She originally started investing in Ethereum after hearing about Ethereum from her father, but she never looked back. She speaks English, Spanish, French and Italian. Contact Ornella [email protected]

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