Stakes Raises $5.3M in Seed Funding
- Stakes, a NYC-based social wagering platform offering a new web3 experience for sports fans,raised $5.3m in seed funding
- Backers included Digital Currency Group, FBG Capital, CMS Holdings, LD Capital, Cadenza Ventures, Matrixport Ventures, and Sterling Select Group
- Sam Li, former Vice President at the National Basketball Association (NBA), joined as a strategic investor and advisor
- The company intends to use the funds to expand its team and grow its user base
- The company is a social sports wagering platform that allows users to earn NFTs that are digital bragging rights on the blockchain
- The company has already minted over 8,000 “proof-of-flex” NFTs to over 2,500 users as a reward for sports predictions
