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Market News

Gary ‘Vee friends’ up with a16z

VeeFriends will utilise the assets to help its intellectual property ecosystem, which incorporates 283 VeeFriends characters

Written By Vraj Sheth Vraj Sheth
Published July 29, 2022 1:29 PM
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Gary 'Vee friends' up with a16z

Celebrity influencer and VaynerMedia CEO, Gary Vaynerchuk aka Gary Vee’s NFT universe is going to get greater in the wake of getting $50 million in a seed round driven by Andreessen Horowitz (a16z). 

The well known NFT maker and investor was quick to ascend as the NFT boss after procuring $90 million in 90 days last year. From that point forward, Gary Vee, as he is alluded to in the NFT space, has collaborated with major worldwide brands with his signature NFT characters, with VeeFriends additionally earning recognition.

What’s more, presently, one of the main funding firms working with the change from Web2 to Web3, a16z has joined VeeFriend’s developing arrangement of organisations in the wake of driving a huge seed round of the NFT project.

We are pleased to announce we received a seed investment into the company by @a16z crypto which invests in entrepreneurs building the next internet.https://t.co/pinPnf0vBu

— VeeFriends (@veefriends) July 28, 2022

VeeFriends will utilise the assets to help its intellectual property ecosystem, which incorporates 283 VeeFriends characters, as well as, fund the expansion of its creative, technical and experiential operations. 

The company looks forward to using the proceeds to recruit the best talent from the entertainment and Web3 industries.

Chris Lyons commented, remarking on his organisation’s interest in VeeFriends, “Not only is Vee Friends an exciting NFT project, it also provides offline and in-person utility through curated experiences like VeeCon, which brought over 7,000 NFT ticket holders together for a week of informative conversations on web3, live music, and networking”.

VeeFriends addresses the ethos of business and gives the chance to help Gary and the VeeFriends group in this journey.

VeeFriends NFT characters are the most well known in the NFT ecosystem, having amassed over 200,000 ETH in primary and secondary deals since its launch in May 2021. It is in the top 30 collections with the highest traffic of all time on OpenSea. 

Also Read: Gary Vee Rebrands VaynerNFT Platform as “Vayner3”

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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