NFT Marketplace Zora Bags $50M at $600M Valuation

Zora Labs, a marketplace for non-fungible tokens (NFTs) has raised $50 million in new funding, valuing the company at $600 million. Haun Ventures Led the Funding Round Katie Haun’s new firm, Haun Ventures led the funding round with participation from Coinbase Ventures and Kindred Ventures. Haun formerly helped run Andreessen Horowitz’s (a16z) crypto fund and notably led OpenSea’s Series B while at a16z. This is the first round led by Haun’s new firm, which launched in March. Before becoming the first female general partner at Andreessen Horowitz, Haun was a prosecutor for the Department of Justice focusing on cybersecurity. “Today, we are proud to be backing Zora during the next step in its journey: Zora Labs, the company building open developer and community tools, and the Zora Protocol, the DAO-governed hyperstructure. Taken together, this combination of open, permissionless protocol and tooling will enable and empower a new wave of creators and communities,” wrote Sam Rosenblum of Haun Ventures, in a blog post. Zora Raised $8M in Equity Sales Last Year In April 2021, Zora Labs raised nearly $8 million in equity sales with participation from five unknown investors. The platform has also held many NFT auctions, including for the first TikTok-inspired NFT, and auctions for the Warhol Foundation.The post NFT Marketplace Zora Bags $50M at $600M Valuation first appeared on Cryptoknowmics-Crypto News and Media Platform.The post NF...