12 days ago
According to a report from Blockworks, Azuki, a new NFT project, has become one of the latest to receive venture capital funding. The project is reportedly backed by an impressive list of investors, including Andreessen Horowitz, 1confirmation, and Coinbase Ventures, and has raised over $2.5 million in total. With its new backing, Azuki aims to provide users with a platform that allows them to easily create and sell digital art, collectibles, and other unique digital assets.
NFT stands for non-fungible token. It is a type of cryptographic token, which represents a unique digital asset that can be exchanged, tracked, and stored on a blockchain.
Azuki is a digital art platform that uses blockchain technology to enable the buying and selling of digital assets. It is one of the latest NFT projects to gain venture capital funding.
Blockworks is a media outlet that focuses on blockchain technology and digital assets. It reported on the venture capital funding for Azuki.
NFTs can be used to represent digital assets such as artwork, music, videos, and other digital collectibles. They can also be used to tokenize real-world assets, such as real estate.
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