NFL star Tom Brady's NFT platform raises $170 million from Andreessen Horowitz and Silicon Valley investors

Tom Brady is a quarterback.

AP Photo/Rich Schultz

Tom Brady's NFT platform raised $170 million in a funding round led by Silicon Valley investors.

Brady is one of the sports icons that Autograph sells digital collectibles from. In a Wednesday press release, the company said its latest funding round also included investments from Nicole Quinn, a partner at Lightspeed.

Haun left her previous job at a top venture capital firm in December to build her own fund of her own. She will join the board at Autograph along with other people.
web3 isn't just a tech movement. It's a cultural thing. I'm excited to announce that we're co-leading a Series B investment in Tom Brady's Autograph.

The next iteration of the internet is called Web3 and is powered by the same technology that powers cryptocurrencies. In the last year, NFTs have boomed in popularity. The market grew to $41 billion in 2021, according to one estimate.
With the latest funding round, Autograph said it plans to "continue to scale its NFT technology with the world's most recognizable sports and entertainment partners, bringing the power and possibilities created by Web3 to the mainstream."

Brady is a legend in the football world. He invested in FTX last year. His first-ever NFT collection sold out within minutes, and he later launched another set focused on his early professional football career.
In July, Brady announced partnerships with DraftKings, which would sell all the sports-related content on Autograph, and with Lionsgate, which would sell the entertainment collectibles. The Weeknd, golfer Tiger Woods, and tennis player Naomi Osaka are some of the athletes who have partnerships with Autograph.

The original article is on Business Insider.