TechFlow News, NFT startup Otterspace has announced a $3.7 million funding round led by venture capital firms Cherry Crypto and Inflection, with participation from Bessemer Venture Partners, Coinbase Ventures, Btov Partners, and Paua Ventures.
The funding was completed in May at a $20 million valuation for Otterspace. The company aims to reward certain behaviors and recognize participation in decentralized autonomous organizations (DAOs) using earned rather than purchased NFTs. Contributors receive rewarded NFTs upon completing specific tasks or actions set by the DAO through its application, ultimately working toward the goal of definalizing NFTs.Original link
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