Global sales in NFTs are back to their summer 2021 levels, says Fortune.
The data covers until April 12.
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The data covers a range from January until April 12, as investors are on their way to injecting a record-breaking amount of capital into the sphere, while Bitcoin (BTC) keeps trading 40% lower than its all-time high, according to data from CoinMarketCap.
The report noted that in 2022, the number of deals has been ripping right along thanks to the $400 million Series C round conducted by crypto exchange darling FTX in January and the $400 million funding round by USD Coin-issuer Circle Internet Financial in April. In addition, Yuga Labs, the company behind the Bored Ape Yacht Club, raised $450 million in March thanks to backing from Andreessen Horowitz, FTX Ventures, and others.
Likewise, Blockchain.com raised new funding at a valuation of $14 billion, ahead of a possible listing on the public markets. In January, Tom Brady raised $170 million through his NFT platform, Autograph.
Circle's Recent Funding Round
As reported by Finance Magnates, Circle became the latest firm in the financial ecosystem to raise significant funds for its expansion. The company entered into an agreement for a funding round worth $400 million
BlackRock, the world‘s largest investment manager, joined the recent funding round along with Fidelity, Marshall Wace, and Fin Capital. Moreover, BlackRock has developed a strategic collaboration with Circle to explore capital market applications for USDC. Amid the growing adoption of USDC and a jump in demand for the company’s services, Circles valuation has increased significantly in the past few months. In February this year, Circle topped the valuation of $9 billion.
In terms of market cap, USDC is one of the largest digital currencies in the world. According to Circle, over $50 billion worth of USDC is in circulation.
