Milwaukee Bucks' Giannis Antetokounmpo joins $75 million funding round for NFT platform Alt
Two-time National Basketball Association (NBA) MVP Giannis Antetekounmpo of the Milwaukee Bucks oined digital sports memorabilia trading platform Alt’s series B funding round that raised US$75 million.
Other than individual investors that also include National Football League icon Tom Brady and US women’s national team soccer star Alex Morgan, several private equity firms put up funding, including US-based Spearhead Capital, Apollo Group, Breyer Capital, Seven Seven Six, Shrug Capital, and Vibe Capital.
Earlier this year, Alt raised US$31 million for its alternative asset platform, for trading and storing cards, with the likes of NBA All-Star Kevin Durant and NFL legend Larry Fitzgerald buying in.
Alt, which started as a sports card trading platform, has ventured into other markets, including non-fungible tokens.