• RECUR Raises $50 Million Series A at $333 Million Valuation

  • The latest NFT startup to receive funding is RECUR, a technology company that designs and develops branded experiences that allow fans to buy, collect and re-sell NFTs.

    The company announced the completion of its Series A funding round, raising a total of $50 million at a post-investment valuation of $333 million. This makes it the largest Series A funding round in the NFT space. The round was led by DIGITAL, an investment platform backed by the family office of billionaire Steve Cohen. In addition to DIGITAL, other previous investors include Gemini/Winklevoss Twins, Gary Vaynerchuk, Scott Belsky, Hashed, Nascent, Delphi Ventures, Defi Alliance, and many more.

    Founded by former DRW trader Zach Bruch and licensing expert Trevor George, RECUR is currently expanding the company’s marketing team with more than 150 openings, including key investments in recruiting, marketing, customer success, design and engineering.

    “At RECUR, we’re building a future where NFTs can be taken anywhere as tokens of personal expression, community membership, and fans among many other use cases,” said co-founders Zach Bruch and Trevor George in a press release.

    RECUR aims to transform the NFT marketplace by creating and setting a decentralized recurring usage fee standard that creates the widest distribution and impact for NFTs minted on its platform. In addition, the team sees NFTs as the foundational layer of the long-awaited metaverse, so there will be massive innovation around the use of NFTs in this space.

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