Here are the six NFT startups that have raised funding from various venture capitalist firms in order to extend their business in web3 and become a main stream business. 1. Yugalabs
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) and new owners of the CryptoPunks and Meebits brands, raised a $450 million round from Andreessen Horowitz on March 22, 2022, at a $4 billion valuation. The funds will be used to grow the company's team, attract more creative, engineering, and operations talent, and for future joint ventures and partnerships.funding from other ventures seven seven six and 10T funds not disclosed anywhere, but yugalabs is on their portfolio list. 2. Doodles
Doodles, a collection of 10,000 NFTs co-founded by digital artist Burnt Toast and Web3 pioneers Evan Keast and Jordan Castro, announced on September 13th, 2022 that it had raised $54 million at a $704 million valuation in a funding round led by Seven Seven Six, with participation from 10T Holdings, Acrew Capital. The funding will be used for 18 new full-time positions including heads of finance, marketing, and business affairs. 3. Proof (Moonbirds)
PROOF, a membership pass NFT collective, announced a $50 million fundraising round. On August 30, 2022, a16z led a funding round with participation from Seven Seven Six and True Ventures. According to CEO Kevin Rose, the funding will be used to deliver great products and services as the company matures over time. 4. Veefriends
Gary Vaynerchuk's NFT project VeeFriends received $50 million in seed funding from investing firm a16z On July 28, 2022. a16z, a leading investment firm, announced a $4.5 billion crypto fund to support Web3 startups. The funds raised will be used to scale the team, support expansion plans for its creative, technical, and experiential operations, and support the development of the 283 VeeFriends characters' future intellectual property. 5. ArtGobblers
Art Gobblers is a decentralised art factory where artists/creators may sketch art using a drawing tool that is compatible with desktop PCs, iPads, and Cintiqs. This is a very unique NFT initiative and the collaborative output of Rick and Morty's Justin Roiland and Web3 investment business Paradigm, the size of the invested funds is not published anywhere but the project is backed by the venture capitalist firm paradigm. 6. DigiDaigaku
Limit Break, the startup behind the DigiDaigaku NFT collection, has raised $200 million in two rounds of funding lead by crypto venture capital firm Paradigm on August 29, 2022. The funds will be utilised to create massive multiplayer online (MMO) web 3 videogames.

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