Tom Brady's NFT platform raises $170 million from investors
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Tampa Bay Buccaneers quarterback Tom Brady's nonfungible tokens (NFT) platform, Autograph, has raised $170 million from investors so far, Bloomberg News reported.
The money, raised in a Series B funding round, reportedly included a large investment by Silicon Valley-based investors Andreessen Horowitz and Kleiner Perkins.
The NFT startup also received investments from Lightspeed Venture partner Nicole Quinn and Katie Haun's new firm Huan, among others, according to Bloomberg News.
Autograph, launched in July, seeks to help athletes and entertainers create and promote their own NFT platforms. Its roster includes golf champion Tiger Woods, tennis star Naomi Osaka and skateboarding legend Tony Hawk, Bloomberg News reported.
NFTs have become one of the hottest cryptocurrency markets in the world, worth up to $44 billion in revenue.
The NFT wave has drawn massive interest from celebrities, retailers and institutions outside of the crypto industry, Bloomberg News reported.
In a statement, Andreessen Horowitz partner Arianna Simpson, one of the Autograph investors, said the platform has become a "magnet for top talent."
"The company is becoming a magnet for top talent, and I'm delighted to join the board to help Autograph bring exciting new NFT experiences to the mainstream," Simpson said.
