A16z Invests $50 Million in VeeFriends!

Gary Vaynerchuk, celebrity influencer and CEO of VaynerMedia, launched VeeFriends in May 2021. VeeFriends also appears as an NFT collection. According to statements made, VeeFriends plans to use its intellectual property (IP) as seed capital for the expansion of 283 VeeFriends characters across physical and digital platforms. The platform also announced that it is considering new hires.

A16z Invests $50 Million in VeeFriends! Chris Lyons, general partner at Andreessen Horowitz, tweeted additional details about his firm's backing of the 'growing Web3 company'. A spokesperson for Vaynerchuk declined to comment. Lyons claimed that VeeFriends 'represents the entrepreneurial ethos'. He also commented on Vaynerchuk's 'commitment to supporting the personal growth of community members as the perfect approach. Moreover, A16z recently led a $25 million investment round to fund the launch of Co Create, a new protocol that aims to support the growth of NFT projects and enable them to launch their own native tokens. Vaynerchuk's investment fund VaynerFund was also an investor in this event. VeeFriends NFT Collection The VeeFriends NFT project is a hand-drawn collection on the Ethereum Blockchain by Gary Vaynerchuk. An entrepreneur, Gary Vee is also the Chairman of VaynerX and CEO of VaynerMedia. He is also a well-known personality on social media making videos on entrepreneurship and motivation. Inspired by the evolution of Mickey Mouse, Hello Kitty, The Getalong Gang, Snorks and Wuzzles, the collection consists of 10,255 VeeFriends tokens. VeeFriends token holders will also be eligible to participate in VeeCon, an exclusive event for NFT holders. Event details will be announced at least 180 days before the event. VeeFriends' collection of NFTs consists of three tiers. In its relatively short lifetime, the VeeFriends collection has generated more than 200,000 ETH in primary and secondary sales. It ranks among the top 30 most traded collections of all time on OpenSea. VeeFriends Series 2 was released earlier this year with new characters. Also part of the benefit of the second collection is stated as a collectible trading card game.   Source: nfxhaber.com