FungyProof Raises $1M Pre-Seed Funding

Backers included Cadenza Ventures, Hypersphere Ventures, ZMT Capital, Red Beard Ventures, HanDAO, Branson Bollinger, and Daniel Hwang. The company intends to use the funds to hire additional talent, expand its product offering with a crowd-sourced token review system, support for additional blockchains, and the release of an API.

FungyProof provides an NFT quality assessment platform, which simplifies the discovery process with an at-a-glance grade covering essential aspects of NFT collections. The grade combines crowd-sourced reviews with technical data analysis to assess the credibility of the project’s team and community as well as token attributes like permanence, tokenomics, energy efficiency, and market integrity. 11/04/2022“We’re excited for what’s ahead for FungyProof,” said 3Box Labs Head of Business Development Lauren Feld. “We anticipate this to become a widely accepted standard for platforms aiming to provide authentic and high-quality NFTs.”
 For more information on CR3 Labs or FungyProof, please contact [email protected]To help FungyProof bring transparency and credibility to NFTs, contact [email protected] or view their open positions.