PartyBid creator PartyDAO raises $16.4 million led by a16z

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ICYMI: PartyBid creator PartyDAO raises $16.4 million led by a16z

PartyDAO’s funding round suggests that interest in NFT fractional ownership remains strong. While the NFT market has largely lost value due to the broader crypto market downturn, many of the most popular NFT projects remain prohibitively expensive for the average retail buyer.

“To date, PartyDAO has been funded entirely by our own members and on-chain revenue. This helped us focus, but limited us from going all out,” wrote PartyDAO developer John Palmer in a

 

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