, with Animoca Brands, Solana Ventures and Alameda Research also participating. More than 90 individual investors also took part in the round, including legendary basketball player Michael Jordan, retired NBA star Allen Iverson, and current players like Joel Embiid and Kevin Love., Stephen Hess, director of the Metaplex Foundation confirmed that the funds will be used to develop Metaplex’s developer tools and feature set.
The latest capital injection follows earlier investments throughout 2021. The company raised nearly $139 million from two tranches in May and July. Back then, its valuation was $1 billion, with the round attracting the likes of Coinbase Ventures and Samsung Venture Investment Corporation. In addition to being tradeable, the NFTs will also provide additional perks to holders, such as potential discounts and “other benefits.”
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