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Recur
NFT Platform Recur to Wind Down Due to 'Unforeseen Challenges' in Business Landscape
NFT startup Recur announced plans to shut down its Web3 platform due to "unforeseen challenges and shifts in the business landscape," according to a recent post on X (formerly Twitter). This comes after Recur had a $50 million Series A funding round back in 2021. "The Hash" panel weighs in on the state of NFT markets as the crypto winter drags on.
What’s Next in NFTs’ Wide Open Future
Shashi Menon, founder & CEO of UNXD, joins RECUR CEO Zach Bruch and Mojito CEO Raakhee Miller at Consensus 2022 to discuss their outlooks on the NFT space. Moderator: Tracy Wang, CoinDesk senior reporter
Recur Raises $50M, Largest Series A Round in NFT Space
Recur, a platform that lets users buy, collect, and resell NFTs, has raised $50 million to a total valuation of $333 million after a Series A funding round led by Digital, a metaverse investment platform backed by billionaire Steve Cohen’s family office. Co-founders and co-CEOs Zach Bruch and Trevor George discuss how they secured the funds and what they will use them for, including launching a new NFT college sports platform, NFTU. Plus, insights into NFT investment risks amid the booming NFT market.