An Autograph NFT Supported By Tom Brady, Naomi Osaka And Tiger Woods Raises IDR 2.4 Trillion In Funds

Tom Brady, the NFL quarterback now has his own brand. (photo: twitter)

JAKARTA – The NFT business is indeed going crazy. Almost anything can be sold on that platform. Especially if the item is a collection of memorabilia to world athletes.

Autograph, a non-fungible token platform (NFT), on Wednesday, January 19 said it had raised $170 million in fresh capital from a funding round led by venture capital firms Andreessen Horowitz and Kleiner Perkins.

The startup, which was founded last year, operates an NFT platform featuring collections of popular celebrities in the fields of sports, entertainment, and culture. National Football League (NFL) quarterback Tom Brady, including one of the founders.

Besides Brady, there are also Japanese tennis players Naomi Osaka, Tiger Woods, Simone Biles, Tony Hawk, and Usain Bolt who are members of Autograph's advisory board.

An NFT is a digital asset that exists on the blockchain, a type of digital ledger, and its popularity has exploded over the past year. Nowadays many people spend a lot of money to buy artworks and video highlights of sports games as NFT.

Los Angeles-based Autograph's latest capital raise comes six months after its Series A round. According to data from PitchBook, the platform briefly raised $35 million with a pre-money valuation of $700 million,

Other investors in the Series B round announced Wednesday include former general partner Andreessen Horowitz, new fund Katie Haun, existing investor 01A, and Nicole Quinn, partner at venture firm Lightspeed Venture Partners.

In July, Autograph entered into a partnership with global content giant Lionsgate and digital sports entertainment company DraftKings Inc.