We are pleased to announce we received a seed investment into the company by a16z crypto which invests in entrepreneurs building the next internet.

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. VeeFriends is building its IP across different multimedia platforms including physical and digital spaces. We are also planning on using proceeds to recruit the best talent from the entertainment and Web3 industries.

The company, since its launch on May 11th of 2021, has amassed approximately more than 200,000 ETH in primary and secondary sales, has released more than 10 collaborations and has built one of the largest communities on Discord for an NFT project.

About a16z crypto

a16z crypto backs bold entrepreneurs building the next internet. With more than $7.6 billion raised across four funds, the a16z crypto fund invests in web3 companies and protocols from early seed-stage projects to fully-developed networks. Its crypto-native team supports founders and the growth of web3 through its research organization, engineering and security teams, legal and regulatory teams, go-to-market expertise, recruiting services, educational content, and more.