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RECUR NFT Marketplace enters the fray with $5m Seed Round

RECUR NFT Marketplace enters the fray with $5m Seed Round

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RECUR ANNOUNCES $5M SEED RAISE FROM INDUSTRY INNOVATORS, THE LARGEST IN NFT HISTORY, TO BUILD BRANDED NFT FAN EXPERIENCES

Recur is a technology company that plans to compete with the likes of Nifty Gateway, Foundation, MakersPlace, and SuperRare with a $5M seed round and plans to enter the fray this summer.  They claim that they will revolutionize the NFT market by :

Creating and setting the standard for a decentralized recurring royalty. Though assets will default to Ethereum, RECUR will ultimately be chain agnostic creating the widest distribution and reach for NFTs minted on their platform.

RECUR plans to act as a gateway for retail consumers to enter the crypto space and offer exponential growth to partner brands.

The raise was led by the Defi Alliance and included investors and funds such as: Gary Vaynerchuk, Courtside VC, Founder of Ethereum, Joseph Lubin (Fund in stealth), Gemini (Tyler & Cameron Winklevoss), Scott Belsky (Founder of Behance), JST Capital, Delphi Digital, Volt Capital, Nascent, CMT Digital, Hashed and more.

We will update you as we learn more.

 

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The information provided in this article is for informational and educational purposes only and should not be construed as financial or investment advice. NFTCulture and its contributors are not financial advisors, and the views expressed herein are those of the author(s) and do not necessarily reflect the official policy or position of NFTCulture. Always do your own research and consult with a qualified financial advisor before making any investment decisions. Investing in NFTs, cryptocurrencies, or any other financial asset involves risk; you should only invest money that you can afford to lose.

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Malachi T

Avid Technologist, Art Enthusiast. Sony Photographer, Apple Pencil, Doodler, and passionate NFT collector.

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