NFT Startap Dust Labs attracted $ 7 million from FTX and SOLANA Ventures

The DUST Labs startup associated with collections of non -replaceable tokens (NFT) Y00TS and DeGODS based on SOLANA attracted strategic investments in the amount of $ 7 million.

We Would Like to Announce that We Have Raiseed A Strategic Round of $ 7M to Build Out the $ DUST ECOSYSTEM.

FTX Ventures, Solana Ventures, as well as NFT marketplace Magic Eden, Foundation Capital and others took part in the round.

The startup appeared thanks to the success of Degods and is focused on “creating software that helps NFT communities to bring more benefits to holders [tokens]”.

The founder of the project Frank specified in a conversation with Decrypt that Dust Labs is a technological company. It is not the maternal structure of Degods as in the case of Yuga Labs and the Bored Ape Yacht Club collection.

Attracted funds will be directed to create an ecosystem for UTILITY TOKEN DUST. Initially, he was launched as a reward for Degods holders. It is the only coin that can be used for minting Y00TS.

Earlier, the OPTIC startup engaged in NFT authentication using artificial intelligence attracted $ 11 million from Kleiner Perkins and Pantera Capital.

Recall that in August the volume of trades by unexplored tokens continued the global https://gagarin.news/ decrease. The dynamics is confirmed by the host of the Opensea NFT Marketplace, the indicator of which dropped to $ 500 million, according to the FORKLOG report.

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