In a significant boost to its technological ambitions, Mind Network has secured a seed funding round of $2.5 million. The key investors in this round include Binance Labs and several other venture capitalists. This infusion of funds will enable the company to accelerate the development of its technology and expedite the adoption of its platform across various industries.
The investment in Mind Network comes amidst a flurry of activity in the crypto and blockchain sector. For instance, influencer Logan Paul has been under fire for not refunding CryptoZoo NFT buyers six months after promising to do so1. Meanwhile, luxury fashion house Dior has decided to embrace Ethereum for a new line of men’s sneakers, showing the mainstream adoption of blockchain technology.
Furthermore, Celsius has started allowing debtors to convert altcoins to Bitcoin and Ether1, and Coinbase’s Chief Legal Officer has mentioned that Americans want more regulated spot Bitcoin ETFs.
In the NFT space, despite recent crypto market volatility, NFT sales have surged to $275 million this week, showcasing the bullish sentiment among investors2. Non-fungible tokens hosted on Ethereum continue to dominate the NFT market, with a rise of more than 120% in sales. Solana NFTs have also made significant gains, with a sales increase of 330% in the past week.
Among the top-selling NFTs this week are Azuki Elemental Beanz, SBM Barrel Raffle NFTs, and Bitcoin NFTs “BRC-20 NFTs”2. Noteworthy happenings in the NFT sector this week include the controversial launch of the Azuki NFTs and the launch of the HV-MTL Force NFT game by Yuga Labs.
As Mind Network forges ahead with its new funding, it will be interesting to see how it shapes the future of technology and platform adoption in various industries. Stay tuned for more updates on this developing story.
