Tom Brady with his NFT platform “Autograph” is making waves with huge investments from Silicon Valley despite launching 6 months ago. He did end up raising and closing on a $170 million investment Series B funding round. The top investors in Brady’s NFT platform were led by Silicon Valley investors Andreessen Horowitz and Kleiner Perkins. Despite the NFT’s recent emergence, Brady has become one of the top-profile advocates from the world of sports for cryptocurrencies.
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The other contributions to reach that mind-boggling mark did come from crypto investor Katie Haun’s firm, Nicole Quinn of Lightspeed Venture Partners, and San Francisco-based venture firm 01A. Both Brady and Autograph did confirm plans to use these to scale its NFT technology. They also did drop hints at gaining a series of partnerships while aiming to expand their user base.
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All the investing figures also will be either a part of Autograph’s board of directors or as advisers. The Buccaneers quarterback has taken an equity stake in leading crypto exchange FTX. The company’s founder Sam Bankman-Fried also sits on the board of Autograph. While talking about this raising of funds, Brady states, “We are pumped to add some really knowledgeable people in the Web3 space to our team.”
Big news on the @Autograph front. We are pumped to add some really knowledgeable people in the Web3 space to our team. This thread from @cdixon includes some great context on our business. #ToTheMoon 🚀 https://t.co/Xsmws3KQ05
— Tom Brady (@TomBrady) January 19, 2022
Tom Brady bringing legit excitement about Cryptocurrency
The new addition of experience and industry experts as members of his NFT only does set an interesting future. Brady’s Autograph will continue to convince and push the envelope for mainstream adoption of cryptocurrencies and NFTs. The NFT only aids and helps athletes and entertainers launch and promote their non-fungible tokens. The NFT also has a proper clientele list which only enhances future growth and quicker expansion.
Autograph CEO Dillion Rosenblatt was also someone that Brady did bring in who did formerly work at Cameo and Apple Music. All signs pointing to what will be a fruitful maiden foray by Brady with some really solid backing into the NFT market.
Brady is a part of the$44 billion market, which has become one of the most rewarding corners in the crypto world. It does draw interest from celebrities, retailers, and institutions outside of the crypto industry. Investments are high and Brady will also be bringing his BRADY Brand into this to experiment.
The risk factor which Brady brings within this would be the thing that either makes this sink or swim.
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