NFT Platform Bitski Raises $19M From a16z & More

pLast week the nonfungible token NFT platformnbspa hrefhttpswwwbitskicom targetblankBitskia announced anbspa hrefhttpstechcrunchcombitskiraisesmillionfromaztobecometheshopifyfornfts targetblank million Series Aanbspfunding round led bynbspa hrefhttpsazcom targetblankAndreessen Horowitzanbspaz The round saw participation from other investors including Galaxy Digital and Kindred Ventures and notable celebrities such as JayZ LAU and MrBeastppPositioned as the quotShopify for NFTsquot Bitski provides mainstream brands game developers celebrities and other creators to create custom NFT storefronts Founded in bynbspa hrefhttpswwwlinkedincomindinch targetblankDonnie Dinchanbspandnbspa hrefhttpswwwlinkedincominjuliant targetblankJulian Teschera Bitski seeks to bypass the crypto complexity of many marketplaces making it easier and more approachable for noncryptoorientated consumers and brands to interact The San Francisco startup is taking a subscription approach powering the custom storefronts that can then sell directly through their own channels instead of directing consumers to open marketplacesppIn an aznbspa hrefhttpsazcominvestinginbitski targetblankblog postanbspabout the investment the firm asks quotWhy shouldnrsquot buying NFTs be as easy as buying a tshirt or ingame items with my credit card Why shouldnrsquot selling one as part of a brand be as easy as setting up a Shopify storequot This seamless enduser experience is exactly what Bitski sets out to accomplish throughnbspdirect credit card purchasing quotforgot your passwordquot functionality and by having user wallets hosted on Bitskis own server hardware Skepticism among crypto and decentralization purists will exist however the platform will help usher in a new user base of NFT consumers similar to the likes ofnbspa hrefhttpsnbatopshotcom targetblankNBA TopShotappThe round brings Bitskis total funding to date to some million The platform has already worked with notable brands such as Adidas amp the WWE Exact details of what Bitski plans to do with the fresh capital werent announced but they are hiring seenbspjobs and are determined to continue making Bitskis platform more accessible and userfriendlyp