Nonfungible Token analytics platform CryptoSlam has announced the completion of a strategic seed round that has raised $9 million from investors.
CryptoSlam has become the NFT equivalent of CoinMarketCap or CoinGecko, and it shares the analytics space with Nonfungible.com. The portal has seen massive growth in traffic in tandem with the explosion in interest in NFTs over the past year.
Founder and CEO of CryptoSlam, Randy Wasinger, commented on this monumental growth before adding that NFTs are “here to stay.” Billionaire investor Mark Cuban added to the sentiment commenting: “I’m excited about what CryptoSlam has accomplished to be the de facto source of information and pricing on all things NFT.”
The platform team has grown to 20 members, and the investment will be used to expand this even further. Funding will also be channeled into further developing the platform itself, adding more blockchains, launching new branded products, and launching an API for developers to build on top of the platform.
NFTs are continuing to surge this year despite the heavy crypto market pullback. Shark Tank’s Kevin O’Leary commented that theLeading NFT marketplace OpenSea has seen a surge in trading volume this year, with $1.17 billion alreadyCryptoSlam currentlythe Mutant Ape Yacht Club as the top-selling NFT collection over the past seven days, with a sale volume of $94 million. The sibling collection of Bored Apes is in second place, with $87 million sold on secondary markets in the past week.
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