Stashh Labs raises more than $3.3 million ahead of NFT platform upgrade from Animoca, 6th Man Ventures, among others
Summary
Stashh Labs has raised more than $3.3 million in a fundraising round ahead of the launch of its latest upgrade to its NFT marketplace.The round included participation from Animoca, 6th Man Ventures, Shima Capital, as well as Hashkey Capital and SFermion. In a press release, Stashh said that the new marketplace supports encrypted NFTs and offers numerous new use cases for creators and collectors. These include unlockable on-chain private content, access control, identity management, and unwrappable collectibles.Stashh 2.0 solves the biggest problem facing any creator or community in Web3 - reaching new collectors and collaborators - while also solving the biggest problem facing collectors: discovering those same incredible creators and communities, Stashh Labs CEO Tor Bair said Tuesday in a statement.Stashh will use its freshly raised funds to support Stashh 2.0s growth by expanding its support for several more blockchain ecosystems, onboarding more creators and launching more messaging, gaming and other social features on its platform, Bair told The Block.Disclaimer: The Block is an independent media outlet that delivers news, research, and data. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.