Tom Brady’s NFT platform Autograph raises $170M to scale operations

Non-fungible token market Autograph co-founded by Super Bowl champion Tom Brady has announced that it has closed a $170 million funding round.

In a Wednesday announcement, Autograph said Andreessen Horowitz, or a16z, and venture capital firm Kleiner Perkin co-led the $170 million Series B funding round with contributions from the company. crypto investor Katie Haun, Nicole Quinn of Lightspeed Venture Partners and the San Francisco-based firm. company 01A. The company said it plans to use the funds to scale its NFT technology and hinted at a series of partnerships aimed at expanding its user base.

In addition to the funding round, Haun, a16z general partner Arianna Simpson and Kleiner Perkins partner Ilya Fushman will join Autograph’s board of directors, while a16z general partner Chris Dixon will join the company advisory board. According to the new members, Autograph will continue to aim for mainstream adoption of cryptocurrencies and NFTs.

Since launching in August 2021, Autograph has partnered with big names in sports and entertainment, often for NFT collections. In December, Brady dropped off a series of digital collectibles depicting moments from his football career, including cleats and an NFL Combine jersey. The marketplace also features NFTs of tennis star Naomi Osaka, skateboarder Tony Hawk, and others.

Related: Landing! Goal! Knock out! Crypto and Sports Collide in 2021

Andreessen Horowitz has been behind some of the largest crypto and blockchain project funding rounds, as well as his own crypto-focused funds dedicated to expanding the size and commercialization of blockchain projects . The company’s portfolio includes Coinbase, Compound, Maker and many more.

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