TechFlow news, NFT security startup Tokenproof has raised $5 million in funding, led by Penny Jar Capital, with participation from institutional investors including Corazon Capital, 6th Man Ventures, Canonical Crypto, and angel investors such as Sebastien Borget, Mark Cuban, Keith Grossman, and Patricio Worthalter.
Tokenproof is a token-gated platform building a method for NFT holders to prove ownership of assets like Bored Apes without exposing high-value NFTs to risk. Tokenproof’s authentication mechanism keeps the actual NFTs secured in cold storage, out of reach from scammers. Through an application, it enables users to still verify their NFT ownership, unlocking numerous associated benefits.
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