Tom Bradley's NFT Platform Raises $172 Million In Series B Funding

Tom Bradley's NFT Platform Raises $172 Million In Series B Funding
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A Non-Fungible Token Platform co-founded by a professional football player, Tom Bradley, Autograph, has managed to raise $172 million in Series B funding. The Series B funding of the NFT platform was co-organized by Andreesen Horowitz and Kleiner Perkins. The platform was launched in July last year. Brandy is one of the leading proponents of cryptocurrency in the sports and entertainment industry. The event took place where some popular names in the market also participated. Names like Lightspeed Ventures were also a part of the Series B funding of the NFT platform, Autograph.

The platform in its inception has launched an NFT collection featuring some popular names. Autograph launched NFT collections featuring Tiger Woods, Naomi Osaka, Simone, Biles, Tony Hawk, and many more. The members and investors will also be given a place on the Board of Directors in the Autograph platform. Chris Dixon and Arianna Simpson will be some of the members of the board of directors of the Autograph platform.

What Is NFT or Non-Fungible Tokens

Non-Fungible Tokens are unique tokens that possess a unique asset. It is a blockchain-based token where each unit represents an asset like media or any other digital content. It exclusively gives ownership to the holder of the token. Though the trend of the cryptos seems to be going downward, the NFT seems to be booming. NFT is now a $44 billion industry that is attracting investors from different sectors. Celebrities and outside institutional investors are actively participating in NFT investment.

Experts and investors inside the market believe that Autograph NFT could play a major role in the transition to the Web3 era. Lightspeed Venture investor, Haun also toped in into the crypto market recently and is planning to raise around $900 million for a pair of funds. You can choose from the marketplace options to invest in the NFT. Platforms like Ethereum and WazirX are facilitating the investment in NFT.

All you need is to open an account in any NFT platform and you can start investing. Also, you need to set up a crypto wallet to execute the transactions relating to Non-Fungible tokens. You can use platforms like Binance, and Metamask to start using the crypto wallet. The succeeding development will tell us about the potential of NFT in the coming times.