CryptoSlam, a blockchain data provider service for non-fungible tokens (NFTs), reportedly closed an initial funding round worth $9 million USD. According to reports from News BTC and The Block Crypto, the bulk of the seeding was led by venture capitalist firm Animoca Brands, a company that has notably invested in Axie Infinity and Dapper Labs in the past.
The CryptoSlam platform was originally created in 2018, and it was created with the goal of assessing NFT collections and determining interest in certain assets on various blockchains. According to their website, the company aims to be a global leader in the NFT industry, working with both novice and experienced investors alike.
The latest funding round was reportedly led by Animoca Brands and news outlets also mention additional seed investments from notable VC firms such as QuarkChain Ventures, BlockVC, Infinity Blockchain Ventures and Sora Ventures.
According to CEO and co-founder of CryptoSlam, Jonny Petersson, the company’s latest funding will be used to help launch its aggressive hiring plan as well as platform expansion in support of both new and existing blockchains.
"We're pleased to invest in CryptoSlam's mission to provide global game developers with access to game data, a critical component for the success of blockchain gaming," said Alvin Ang from Animoca Brands. "Since day one we have been working to democratize access to Wall Street data and we're excited to see this vision expand into the world of blockchain games."
While details about CryptoSlam’s platform remain vague as of now, multiple outlets claim that it offers both a data API and a consulting starter package, allowing developers to make informed decisions about NFTs.
Another notable investor stated his support for the company’s mission of democratizing NFT data. "We've invested in several blockchain games through QuarkChain Ventures," said Dr. Henry Fan from QKC. "CryptoSlam is on the same mission to bring better transparency for game developers."As NFTs continue to gain traction among gamers, this latest update serves as another step forward in attracting developers and investors alike. The fully open-source nature of NFTs makes them an attractive prospect for seasoned game industry veterans participating in the blockchain space, although there are still major challenges associated with security and scaling.