Ex-Uber, Reddit, and Google Team Launches NFT Intelligence Platform Mnemonic to Transform Digital Ownership for the Next Era of Blockchain Applications By DailyCoin – Investing.com

Ex-Uber, Reddit, and Google Team Launches NFT Intelligence Platform Mnemonic to Transform Digital Ownership for the Next Era of Blockchain Applications By DailyCoin – Investing.com

Ex-Uber, Reddit, and Google Team Launches NFT Intelligence Platform Mnemonic to Transform Digital Ownership for the Next Era of Blockchain Applications

Today Mnemonic, a NFT intelligence platform powering blockchain applications, announces the launch of its APIs and cross-chain aggregation platform. As the first B2B NFT company, Mnemonic is backed by top-tier funds with a deep understanding of and ties to the blockchain ecosystem. The company has raised $4 million in seed funding led by Kenetic alongside Monochrome Capital, Sound Ventures, Tribe Capital, and prominent angels from Coinbase (NASDAQ:), IntoTheBlock and People.ai.

Introducing the “Plaid for NFTs.” The first non-fungible tokens emerged in 2017, and by 2020, 30,000 to 80,000 NFTs were changing hands weekly. The blockchain industry boom was further accelerated by the Covid-19 pandemic, with more than $2 billion spent on NFTs during the first quarter of 2021 — a 2,100% increase from the fourth quarter of 2020.

Mnemonic provides the data infrastructure layer for the next era of NFT companies. Similar to how Plaid’s technology platform powers fintech and digital finance products, Mnemonic’s API data platform is a foundational component that can power any NFT-based application. Mnemonic enables developers to instantly access and quickly build new applications on top of its