10 OF THE HOTTEST NFT STARTUPS TO FOLLOW (TODAY)

Top NFT Startups To watch

10 OF THE HOTTEST NFT STARTUPS TO FOLLOW (TODAY)

NFTs (non-fungible tokens) have been the three letters on everyone’s lips lately… and for good reason!  While most crypto-assets, such as Bitcoin and Ethereum, have seen substantial volatility, NFT sales volume topped 2.5 billion USD in the first six months of the year.

The NFT marketplace’s exponential growth is likely to continue, with collections such as CryptoPunks, BoredApeClub, and Sandbox still enjoying week-on-week sales gains. While NFTs as art collectibles remain extremely popular, a slew of new initiatives and NFT startups are vying to bring both functionality and intrinsic value to the sector.

While NFTs will likely find value in digital identity, healthcare, and even insurance applications, the most emphasis is whether NFTs may begin operating like other interest-bearing assets. Creating a two-sided payoff for investors – both in terms of future speculative value and as a tangible asset that generates income for its owner. This is a space that a new group of NFT-based startups is rapidly exploring and pursuing.

We’ve witnessed a huge inflow of new competitors attempting to upset the tech industry’s behemoths by introducing fresh ideas and changing up the old ways of working. Things are heating up on the NFT front! Quite frankly, we’re on the edge of our seats as we witness the evolution of this exciting new ecosystem.

Check out these cool NFT startups that are worth following right now:

1. Legends of Crypto

Year founded: 2021

Location: Amsterdam, Netherlands

Funding: $1.2M (Early Stage VC)

Legends of Crypto is a token-powered card game in which players can win various collectibles, and these assets are then exchangeable for bitcoin. The company is currently pre-revenue and testing its beta with a private group of users.

10 OF THE HOTTEST NFT STARTUPS TO FOLLOW (TODAY) 1
Legends of Crypto

2. ConsenSys

Year founded: 2014

Location: New York, USA

Funding: $65M (Convertible Note)

ConsenSys is a software engineering firm that specializes in the development of blockchain-powered infrastructures. The business has worked on several NFT projects, where they have created anything from token launches to whole marketplaces—and everything in between. The firm’s success has garnered financing from global behemoths such as MasterCard, JPMorgan Chase, and UBS, to mention a few.

Consensys NFT Startup
Consensys

3. Nifty’s

Year founded: 2021

Location: Miami, USA

Funding: $10M (Seed)

By integrating social networking with a two-sided marketplace, Nifty’s adds a new dimension to the digital asset world. As a result, the business has created a platform where creators, collectors, and curators can create accounts and follow one another. The advantage for users is twofold: first, they can grow a following and utilize it to trade their assets. Second, individuals may use the site to connect with other people who share their interests. Over 2 million NFTs have already been issued by Nifty’s.

Nifty's NFT Startup
Nifty’s

4. Dapper Labs

Year founded: 2017

Location: British Columbia, Canada

Funding: $607.5M (Series D)

Dapper Labs leverages blockchain to provide experiences and products to millions around the globe. The company is now valued at $7.6 billion following a $250 million funding round. The startup refers to itself as “THE” NFT firm since it has worked on some of the most successful NFT products, including NBA Top Shot, CryptoKitties, and UFC on Flow. Perhaps this is one of the reasons Dapper Labs is one of the most well-funded companies in this space, according to PitchBook.

Dapper Lab NFT Startup
Dapper Lab

5. Foundation

Year founded: 2020

Location: San Francisco, USA

Funding: $200K

Foundation is a specialized platform that connects digital entrepreneurs, crypto natives, and collectors to enhance the crypto culture. The firm refers to itself as the “new creative economy,” whose principal focus is on digital art. Foundation is a content provider that operates to keep power in the hands of content creators.

Foundation NFT Startup
Foundation

6.KnownOrigin

Year founded: 2020

Location: Manchester, UK

Funding: $402K

It is a digital art marketplace where users can locate and buy unique digital artwork. It has a much lower overall trade volume and strives to give a much more curated, gallery-like experience for the discriminating NFT collector. It is extremely secure and runs on the Ethereum network.

KnownOrigin NFT Startup
KnownOrigin

7. Mintable

Year founded: 2018

Location: Singapore, Singapore

Funding: $13M (Series A)

Mintable is a marketplace powered by Ethereum where users can create and sell digital tokens. The Mark Cuban-backed business is looking to expand into other blockchains in order to become a more prominent player in this space.

Mintable NFT Startup
Mintable

8. Only1

Year founded: 2021

Location: Hong Kong, Hong Kong

Funding: Undisclosed 

Only1 is a social platform that utilizes tokens to reward and engage users. Creators may utilize the platform to publish their work (which other users then purchase.) This enables producers to monetize their brand and fans. The fact that Only1’s system is built on the Solana blockchain contributes to their smooth transactions.

Only1 NFT Startup
Only1

9. Bitski

Year founded: 2016

Location: San Francisco, USA

Funding: $23.3M (Series A)

Bitski is a platform that allows users to certify and exchange assets. The startup brings the metaverse concept one step closer to reality by allowing consumers to access assets from any device. Over 300 apps have already been created using Bitski’s framework.

Bitski NFT Startup
Bitski

10. Own The Moment

Year founded: 2021

Location: Tampa Bay, USA

Funding: $120K (Pre-seed)

Own The Moment has built a suite of tools to assist consumers in making more innovative investments in the NFT industry. The applications may collect data on a specific asset and give statistics, conversations, and projections to help investors make more informed decisions. In June 2021, Own The Moment joined the Techstars Sports Accelerator.

NFTs are taking over the world! And, as indicated by our list, startups competing in the NFT space are rapidly developing the infrastructure, marketplaces, protocols, and applications that will certainly make NFTs a part of the future.

Own the Moment NFT Startup
Own The Moment

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