VeeFriends
VeeFriends NFTs each have a unique story behind the characters with purposeful structure to the VeeFriends tokens.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
* | $50.0m | Seed | |
| Total Funding | 000k | ||
| USD | 2022 | 2023 |
|---|---|---|
| Revenues | 0000 | 0000 |
| % growth | - | 170 % |
| EBITDA | 0000 | 0000 |
| Profit | 0000 | 0000 |
| EV | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 |
Source: Dealroom estimates
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VeeFriends, accessible via veefriends.com, is a unique startup that merges the world of digital art and blockchain technology. Founded by Gary Vaynerchuk, the company operates in the rapidly evolving market of Non-Fungible Tokens (NFTs). NFTs are digital assets that represent ownership or proof of authenticity of a unique item, often digital art, stored on a blockchain.
VeeFriends primarily serves digital art collectors, NFT enthusiasts, and fans of Gary Vaynerchuk. The company's core offering is a collection of 283 hand-drawn characters by Vaynerchuk, each minted as an NFT. These digital collectibles are not just art pieces; they come with a personal license that allows the owner to display the image on social media and other non-commercial platforms.
The business model of VeeFriends revolves around the sale and trade of these NFTs. Each NFT is sold to collectors who can then trade them on various NFT marketplaces. VeeFriends generates revenue through the initial sale of NFTs and potentially through royalties from secondary market sales, a common practice in the NFT space where the original creator earns a percentage of each subsequent sale.
Additionally, VeeFriends leverages AI-powered media intelligence and visual search technologies to enhance the user experience. This includes features like smart cropping, contextual transformations, and object detection, which help in managing and transforming image and video workflows at scale. These advanced technologies are integrated into their platform, providing a seamless experience for users managing their digital assets.
In summary, VeeFriends is a pioneering company in the NFT market, offering unique digital collectibles with added value through advanced AI technologies. It serves a niche market of digital art collectors and NFT enthusiasts, making money through the sale and trade of NFTs.
Keywords: NFTs, digital art, blockchain, Gary Vaynerchuk, collectibles, AI technology, visual search, media management, Web3, digital assets.