Steve Cohen-backed NFT platform closes Series A at $333 million valuation

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Riding the wave of interest in the market for non-fungible tokens (NFTs), a startup with support from hedge fund mogul Steve Cohen has closed a $55 million Series A. 
Founded by former DRW trader Zach Bruch and licensing expert Trevor George, RECUR is one of a growing number of startups operating in the NFT market where firms like Dapper Labs and OpenSea have achieved unicorn status. 
RECUR’s raise values the firm at $333 million. Steve Cohen, the founder of hedge fund Point72, is joining RECUR’s board and has invested in the company through DIGITAL, an investment vehicle that invests in the so-called Metaverse. Other backers of the firm include CMT Digital, Delphi Ventures, and Gary Veynerchuk. 
RECUR plans to leverage the funds to scale its platform, hire for more than 100 roles, and go to market with a newly launched collegiate NFT marketplace, dubbed NFTU.com. The firm has teamed up with CLC, a collegiate trademark firm, and Veritone, the licensing partner of the Pacific 12 C

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Źródło: https://www.theblockcrypto.com/linked/117485/steve-cohen-backed-nft-platform-closes-series-a-at-333-million-valuation?utm_source=rss&utm_medium=rss

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