NFT – Upshot, a Boston, MA-based blockchain-based protocol providing non-fungible token (NFT) appraisals, raised $22m in Series A2 funding.
The round was led by Polychain Capital, which joined previous investors Framework Ventures, CoinFund, Blockchain Capital, Slow Ventures, Mechanism Capital, and Delphi Digital, among others. Upshot is a technology company that can accurately appraise the value of digital assets like NFTs at scale. The company plans to use the funds for additional research and development for its pricing models and to build out its team, finance its novel decentralized finance (DeFi) x NFT primitives, and create additional developer tools to allow others to build novel DeFi x NFT primitives leveraging its price feeds.Led by co-founder & CEO Nick Emmons, Upshot is a blockchain-based protocol providing non-fungible token (NFT) appraisals. By delivering expert appraisals, the company enables the creation of solutions at the intersection of decentralized finance (DeFi) and NFTs – for the industry and themselves. Upshot Analytics is currently available in private Beta and will open to the general public soon. The API is currently available and being used by teams to inform their projects. 21/03/2022
