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Billionaire helps NFT firm reach $452m valuation

Billionaire helps NFT firm reach $452m valuation

NFTs have exploded in popularity this year, with a few high-profile sales in the millions of dollars, and many in the tens or hundreds of thousands.

The tokens allow holders of digital art, collectables and all manner of other items to track ownership.

Daily sales reached an all-time high late last month, according to data compiled by NonFungible.com.

Point72

Mr Cohen has started exploring cryptocurrencies in recent months, with Point72 Ventures leading a Series A funding round for analytics firm Messari that closed at $US21 million.

In July, Point72 Asset Management was reported to be seeking a head of cryptocurrencies.

In May, Point72 AM had sent a letter to investors saying it was exploring opportunities around blockchain technology.

Recur had announced a $US5 million fundraising in March that attracted investments from the likes of ethereum co-founder Joe Lubin, Cameron and Tyler Winklevoss’ Gemini, JST Capital and Defi Alliance.

Recur is also partnering with artificial-intelligence company Veritone and collegiate trademark licensing company CLC, according to the statement. As the exclusive content licensing partner for the Pac-12 Networks, Veritone will license Recur-approved Pac-12 moments across all sports available for NFT creation.

Recur is introducing NFTU, a marketplace that will allow sports fans to own highlights from college sports, starting with the Pac-12.

Bloomberg

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