Stashh Labs raises more than $3.3 million ahead of NFT platform upgrade from Animoca, 6th Man Ventures, among others
Quick Take Stashh Labs has raised more than $3.3 million in a fundraising round that included participation from Animoca, 6th Man Ventures and Shima Capital, among other investors.
Stashh Labs has raised more than $3.3 million in a fundraising round ahead of the launch of its latest upgrade to its NFT marketplace.
The round included participation from Animoca, 6th Man Ventures, Shima Capital, as well as Hashkey Capital and SFermion. Stashh Labs will use the funds to further its mission to build an NFT platform for creators and collectors across various decentralized ecosystems.
As part of its mission, Stashh Labs launched Stashh 2.0 on Tuesday, the second iteration of its SoFi-focused omnichain hub for NFTs. In a press release, Stashh said that the new marketplace supports encrypted NFTs and offers numerous new use cases for creators and collectors. These include unlockable on-chain private content, access control, identity management, and unwrappable collectibles.
“Stashh 2.0 solves the biggest problem facing any creator or community in Web3 - reaching new collectors and collaborators - while also solving the biggest problem facing collectors: discovering those same incredible creators and communities,” Stashh Labs CEO Tor Bair said Tuesday in a statement.
Stashh will use its freshly raised funds to support Stashh 2.0's growth by expanding its support for several more blockchain ecosystems, onboarding more creators and launching more messaging, gaming and other social features on its platform, Bair told The Block.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum ETFs gain traction with $13 billion in trading volume, but ETH price impact remains subdued
Since their launch on July 23, ether ETFs have been chugging along, accumulating $13 billion in cumulative spot volume across nine funds.The following is an excerpt from The Block’s Data and Insights newsletter.
Bitcoin gears up for 'transition phase' as parabolic rise looms, trader highlights
Australia to Require Crypto Exchanges to Obtain Financial Services Licenses
Trending news
MoreCrypto prices
More
