{"id":356714,"date":"2021-10-23T01:06:28","date_gmt":"2021-10-22T22:06:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/nft-studio-mojito-completes-20m-seed-round-with-help-from-sothebys\/"},"modified":"2021-10-23T01:06:28","modified_gmt":"2021-10-22T22:06:28","slug":"nft-studio-mojito-completes-20m-seed-round-with-help-from-sothebys","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/nft-studio-mojito-completes-20m-seed-round-with-help-from-sothebys\/","title":{"rendered":"# NFT studio Mojito completes $20M seed round with help from Sotheby’s"},"content":{"rendered":"

“# NFT studio Mojito completes $20M seed round with help from Sotheby’s <\/strong>”
\n<\/p>\n

NFT development studio Mojito announced Friday that they have raised $20M in seed funding from a number of investors, including internationally known auction house Sotheby’s.<\/p>\n

According to an announcement published in Forbes<\/a>, Sotheby\u2019s auction house in partnership with Future Perfect Ventures, Creative Artists Agency and NEA\u2019s Connect Ventures, contributed to the round at Mojito\u2019s estimated value of $100 Million.<\/p>\n

The Delaware-based start-up indicated that it will use this new injection of capital to grow and develop its engineering teams, make a better version of its current NFT platform, and further develop its NFT trading and investment platforms.<\/p>\n

The NFT market has seen its total monthly sales drop from early September, though numbers have held at between $1.8 and $2.1 Billion for the last month according to nonfungible.com<\/a>. The NFT market\u2019s total monthly sales hit an all-time high of $3.7 Billion on Sept. 4 after a steady rise in late July. $31 million of the current total NFT market sales comes from the sale of art-based assets.<\/p>\n

Digital art marketplaces such as OpenSea achieved prominence during this timeas well, reportedly hosting 98 percent of the market\u2019s transactions through August of 2021.<\/p>\n

Art dealers and museums have taken notice, and are beginning to follow suit as they follow the money app<\/a>arent in this new market. Both Sotheby\u2019s<\/a> and Christie\u2019s auction houses have had a number of successful NFT auctions in the past year. Christie\u2019s was the first of the two to host a global auction of an NFT.<\/a><\/p>\n

Mojito previously aided Sotheby\u2019s in the development of its new digital NFT marketplace, known as Metaverse.<\/p>\n

Businessman and TV personality Kevin O\u2019Leary, a one-time vocal opponent to cryptocurrency-based investments, recently stated<\/a> his belief that the NFT market would become bigger than Bitcoin during an interview on the Pomp podcast.<\/p>\n