Haun Ventures leads $50M round in NFT startup Zora Labs

May 5, 2022

Praise Pals NFT Community

JOIN PRAISE PALS

The internet and Web3 are full of negativity.

Join a community built on inclusivity and joy.

Genesis Pals are sold out, but you can still win one free!

Haun Ventures leads $50M round in NFT startup Zora Labs

Originally posted here.
By: Lucas Matney @

Overview

The NFT ecosystem continues to chug along, but the vast majority of volume is still moving through the centralized halls of NFT marketplace OpenSea, leaving crypto VCs eager to find new channels. Katie Haun’s new firm Haun Ventures has led its first deal in NFT startup Zora Labs. The $50 million funding round values the […]

The Post

The NFT ecosystem continues to chug along, but the vast majority of volume is still moving through the centralized halls of NFT marketplace OpenSea, leaving crypto VCs eager to find new channels.

Katie Haun’s new firm Haun Ventures has led its first deal in NFT startup Zora Labs . The $50 million funding round values the company at $600 million.

Zora’s protocol allows artists and developers to create NFT marketplaces and collections. Zora has its own primary marketplace where users can list NFTs similar to OpenSea, but the vast majority of NFTs sold on its protocol take place on third-party sites. Crypto organizations like publishing startup Mirror and collective FWB have leveraged Zora’s protocol to sell NFTs to community members.

In addition to Haun Ventures, backers in the round also include Coinbase Ventures and Kindred Ventures. Haun notably led the round OpenSea’s Series B while at a16z, earning a seat on the board.

Following a16z departure, Katie Haun debuts Haun Ventures with $1.5B in capital to back crypto startups

SHARE THIS POST

Add your voice!Join the conversation on Discord...