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Cryptocurrency11 hours ago (Feb 08, 2022 01:00AM ET)

Celebrity NFT Platform Colexion Raises $5M in Seed and Private Rounds Celebrity NFT Platform Colexion Raises $5M in Seed and Private Rounds

  • Colexion has raised over $5 million through fundraising.
  • The celebrity NFT platform raised $1.8 million in its seed round, and $3.2 million from a private round.
  • Colexion will use the raised money to further bring the mainstream into the NFT world.

Colexion, the celebrity NFT platform, has raised over $5 million in fundraising. The platform raised $1.8 million in its seed round and an additional $3.2 million from a private round. Colexion’s seed rounds included investments from the likes of Polygon, HyperEdge Capital, GSR, Alan Howard of Brevan Howard, C² Ventures, Jump Trading investments, Gains Associate, Oracles Investment Group (OIG), Good Games Lab, Maven Capital, ZBS Capital, Titan Ventures, ICO Pantera, and more.

Moreover, Colexion’s Utility Token CLXN will arrive in several launchpads such as Firestarter, Prostarter, Redkite, Scaleswap, etc. Additionally, users can trade CLXN on some of the top exchanges. Meanwhile, Colexion’s token and native NFTs will be traded on the built-in marketplaces alongside multiple Tier A exchanges.

Colexion will use the $5 million to build the necessary infrastructure to bring NFTs into the mainstream world. The celebrity NFT platform has grown considerably as an Asian NFT marketplace. It has attracted various investment firms and private supporters. In addition, it has continued to build momentum after a recent Trump Card NFT drop consisting of 30 international celebrities. The NFT drop made for the biggest one in its category to date.

Colexion’s primary focus is licensing celebrity NFTs and ensuring they remain affordable for the masses. These celebrities include prominent Indian movie stars, international cricket players, as well as other global sports and movie stars. The celebrity NFT platform has acquired exclusive rights for several dozen internal cricket stars, Bollywood stars, Tollywood stars, legendary athletes, and several global and Indian sporting leagues.

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