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Investegate announcements from Mojito, Sotheby’s, Creative Artists Agency & NEA’s Connect Ventures Invest in $20 Million Round for Mojito, an NFT Commerce Suite
April 14, 2021, 5:00 a.m. ET
SAN FRANCISCO Digital currency, once mocked as a tool for criminals and reckless speculators, is sliding into the mainstream.
Traditional banks are helping investors put their money into cryptocurrency funds. Companies like Tesla and Square are hoarding Bitcoin. And celebrities are leading the way in a digital-art spending spree using a technology called an NFT.
On Wednesday, digital or cryptocurrencies will take their biggest step yet toward wider acceptance when Coinbase, a start-up that allows people to buy and sell cryptocurrencies, goes public on Nasdaq. Coinbase shares received a reference price of $250 each on Tuesday evening, which would value the company at $65 billion based on all its outstanding shares.
Moonwhale Ventures, and several others including media veteran Rich Battista, former CEO of Time Inc and former Fox Entertainment executive. Curio plans to utilize the capital to expand its team and operations, and further develop its proprietary technology and partner integrations that enable fans to engage in a more modern way around the content and entertainment brands they love.
Funding comes on the heels of Curio s collaboration with
Fremantle, who utilized the company s platform to create digital collectibles for fans of the hit show,
American Gods, on STARZ in the U.S. and Amazon Prime Video internationally. Digital collectibles for the main characters of the show sold out shortly after their release.