5 NFT Startups Investors are Flocking To

4. Decentraland

Decentraland is a Chinese virtual reality platform that is powered by the Ethereum blockchain. It was founded in 2017 by Esteban Ordano. The startup has so far raised $25 million in funding over three rounds, with the latest round held last year. Some of the investors on the project are Digital Currency Group and Animoca Brands, among others. A total of seven investors have so far put their money in the company. The company offers users the ability to live a virtual life using VR headsets and the software marketed by the firm. 

In June, crypto news platform Coin Telegraph reported that a piece of land on the virtual reality platform of the company had sold for almost $1 million. The sale, in the form of NFTs, was compared to the price of an actual property in New York to give investors an idea of the explosive growth potential of NFTs.