Gary Vaynerchuk’s NFT empire is expanding. VeeFriends raised $50 million in a seed round led by venture capital firm Andreessen Horowitz (a16z).
VeeFriends will use the capital injection to support building the future intellectual property of the 283 VeeFriends characters.
The investment will be used to fuel expansion plans for its creative, technical and experiential operations, according to an official announcement.
VeeFriends is building its IP across different multimedia platforms including physical and digital spaces.