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NFT loyalty startup Hang has closed A $16 million Series A round led by Paradigm

On September 30, NFT loyalty startup Hang announced the completion of A $16 million Series A funding round led by Paradigm. Tiger Global, NBA superstar Durant's fund 35 Ventures, Night Ventures, Good Friends and other investors, in addition to Tiffany executive Vice President Alexandre Arnault and other angel investors also participated in the round. Hang aims to help brands build new loyalty and membership programs using NFTS and blockchain technology, in the hope of reshaping their relationships with loyal customers.
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The total number of financings last week was 26, which was less than before, with a total amount of approximately US$157.7 million and an average financing amount of US$6.0654 million.
The total number of financings last week was 28 for a total of about $257.9 million, with an average funding amount of $9,210,700.
NFT marketplace Blur has quickly replaced OpenSea as the market leader in just six months, adopting a strategy similar to Robinhood to attract active traders. However, it faces challenges such as strained relationships with artists, royalty cuts, and potential regulatory scrutiny from the US SEC regarding its reward Token.
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