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Addressable Raises $7.5 Million to Help Web3 Marketers Reach Their Audiences

Addressable Raises .5 Million to Help Web3 Marketers Reach Their AudiencesAddressable, a decentralized marketing startup, has raised $7.5 million in its seed round to tackle the current marketing woes in the Web3 area. The company claims its software can pair the onchain addresses of users with their social accounts, giving Web3 marketers more knowledge about their audiences to make efficient advertising campaigns in the crypto […]

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Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futures 

Arbitrum-Based Vest Exchange Emerges, Aims to Democratize Perpetual Futures A new decentralized exchange (dex) on Arbitrum, called Vest Exchange, was announced this past weekend, and the team that created the project said the platform aims to focus on democratizing perpetual futures. The team behind Vest further detailed that the new Arbitrum dex is backed by firms such as Jane Street, QCP Capital, and Big […]

AI-Focused Altcoin Rallies After Coinbase Places Crypto Project on Listing Roadmap

Former FTX President Launches New Crypto Venture, Raises $5 Million From Leading Investors

Former FTX President Launches New Crypto Venture, Raises  Million From Leading InvestorsLess than a week ago, Brett Harrison, the former president of FTX US, published a 49-part Twitter thread describing his side of the story when he worked for the disgraced co-founder of FTX, Sam Bankman-Fried (SBF). On Friday, Jan. 20, 2023, Harrison revealed that his new firm, Architect, has raised $5 million from investors such […]

AI-Focused Altcoin Rallies After Coinbase Places Crypto Project on Listing Roadmap

Cameroonian Fintech Ejara Raises $8 Million in Series A Investment Round

Cameroonian Fintech Ejara Raises  Million in Series A Investment RoundJust over 12 months after raising $2 million, the Cameroonian fintech whose app allows users to buy and store crypto assets recently said it had received $8 million in its Series A investment round. According to Ruth Foxe Blader, partner at Anthemis, Ejara aims to become the one-stop platform where “a suite of financial products […]

AI-Focused Altcoin Rallies After Coinbase Places Crypto Project on Listing Roadmap

Report: Uniswap Seeks to Raise $200 Million in Fresh Capital at $1 Billion Valuation

Report: Uniswap Seeks to Raise 0 Million in Fresh Capital at  Billion ValuationThe largest decentralized exchange (dex) platform by global trade volume, Uniswap, is looking to raise between $100 and $200 million, according to a report citing people familiar with the company. The funding round is currently in a nascent stage as the report claims Uniswap has been “engaging with a number of investors.” Sources Say Uniswap […]

AI-Focused Altcoin Rallies After Coinbase Places Crypto Project on Listing Roadmap

Metaverse Company Condense Raises $4.5 Million to Accelerate VR Streaming Adoption

Metaverse Company Condense Raises .5 Million to Accelerate VR Streaming AdoptionCondense, a Bristol, England-based metaverse company that produces technology to allow the streaming of events to virtual reality apps, has raised $4.5 million in its most recent seed round. The round, which was led by Localglobe, 7percent Ventures, and Deeptech Labs, gives Condense funding to deepen its relationship with artists, labels, content creators, and metaverse […]

AI-Focused Altcoin Rallies After Coinbase Places Crypto Project on Listing Roadmap

Pro Trader-Focused NFT Marketplace Blur Secures $11 Million in Seed Round Led by Paradigm

Pro Trader-Focused NFT Marketplace Blur Secures  Million in Seed Round Led by ParadigmOn March 28, the non-fungible token (NFT) marketplace Blur announced the company has raised $11 million in a seed round led by Paradigm. The NFT marketplace Blur says the startup is focused on building an institutional-grade NFT market that’s made “for pro traders.” Blur Raises $11 Million to Craft the Startup’s Institutional-Grade Products The NFT […]

AI-Focused Altcoin Rallies After Coinbase Places Crypto Project on Listing Roadmap

Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed Funding

Solana-Based Defi Margin Trading Protocol Raises  Million in Seed FundingOn Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain. Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed […]

AI-Focused Altcoin Rallies After Coinbase Places Crypto Project on Listing Roadmap

Recur raises $5 million for perpetual cross-platform NFT royalties

A seed round in a new NFT platform is a promising step towards universal NFT royalties

Can a new non-fungible token (NFT) platform finally solve the problem of ecosystem-wide royalties?

NFT platform Recur announced on Thursday a $5 million seed round led by the DeFi Alliance, Delphi Digital, Ethereum co-founder Joe Lubin, and Gemini, among others.

The raise claims a number of notable superlatives, including the first seed investment in the NFT ecosystem from industry veteran Gary Vaynerch, as well as the largest seed round ever for a NFT project (Dapper Labs has raised many multiples more money over its three year fundraising history, but largely in Series A rounds).

Currently there are a number of platforms that allow NFTs to impart royalties to artists after every secondary market sale, including Foundation, Zora, and Euler Beats developer Treum. Recur’s key innovation will be a ERC token standard that will allow royalties to function regardless of platform.

“RECUR’s technical team is involved in the official process for Ethereum improvements (EIP), and our technology will be implemented at the blockchain layer,” said Recur CEO Zach Bruch. “By doing this it will allow the NFTs minted on our platform to move freely around the ecosystem while still generating recurring royalties for the owners and IP holders. Ultimately, our goal is to make NFTs chain-agnostic and keep NFTs and royalties decentralized.”

Bruch did not reference a specific EIP his team is working on. Similar proposals, such as EIP-2981, which adds standard royalty functionality to the ERC-721 NFT standard, are also in the works.

While the NFT space is growing increasingly crowded (and Recur’s royalties will presumably be applicable ecosystem wide) one other way to stand out is through headline-grabbing licensing and intellectual property acquisition. To that end, Recur is bringing some former media industry heft to the fore via former Disney executives Stephen Teglas and Chris Heatherly. Teglas in particular held a position with Disney’s Licensing department.

“RECUR is working with some of the largest brands in the world which will be announced in the coming months,” said Bruch. “We are exclusively working with Blue Chip brands to help them bring their IP to the largest audiences possible.”

The press release says the first Recur “brand experience” will be released in the summer of 2021.

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