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Daily Crunch: Startup that transforms real-world items into NFTs raises $6.9M seed round


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Hello and May the 3rd be with you. Did we get that meme right? Today, we are thrilled to see a16z planning $50 crore (that’s $500 million) worth of investments into Indian startups in its newest fund. We are also keeping a close eye on Thrasio as it names a new CEO and executes a round of layoffs – Christine and Haje
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NFTs for physical items?: Americana Technologies thought people who create physical things were left out when it came to NFTs, so the startup developed a way for those creators to jump on board. We’ll see if this vision shakes out, but with backers like Alexis Ohanian’s venture firm, Seven Seven Six; NFT marketplace OpenSea; and rapper Future, it’s probably a good bet that it will.
Back to the NFTs we know and love: We liked Alex’s line in today’s story about those snapping up valuable pieces of digital land: “The Bored Ape crew has managed to turn a hit NFT set into several collections, huge venture checks, and now a license to print money thanks to speculators snapping up its newly offered digital assets.” Can’t wait t …

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