NFT Market Update - 31st August, 2022

NFT startup Tokenproof [raised] (https://www.coindesk.com/business/2022/08/30/nft-security-startup-tokenproof-raises-5m-to-keep-jpegs-safe-from-scammers/)$5M in seed funding, led by Penny Jar capital, for its solution to keep digital assets safe.

Reddit co-founder Alexis Ohanian launches $177M crypto fund. “Now is potentially a unique opportunity to invest in strong founders at a discount,” the new crypto fund’s marketing materials reportedly read.

‘NYC restaurant reservation culture has gone too far!’ Twitter users are baffled by new ‘hospitality NFTs’ that diners can buy for $1,000 each to access preferential bookings at exclusive Manhattan restaurants.

Jack Lu, the co-founder and CEO of Magic Eden, looks to challenge OpenSea’s dominance. The venture-backed startup founded last year has already reached unicorn status — raising at a $1.6 billion valuation, and is seeking to double down on gaming.