NFT startup Zora Labs nabs $50M in round led by Haun Ventures

NFT startup Zora Labs raised $50 million in a funding round led by Haun Ventures, Katie Haun's new firm, valuing the company at $600 million. Zora's protocol lets artists and developers create NFT marketplaces and collections, and while it has its own primary marketplace similar to OpenSea, most NFTs sold on the protocol occur on third-party sites. Crypto organizations including publishing startup Mirror and collective FWB have used the protocol to sell NFTs to community members. Coinbase Ventures and Kindred Ventures also backed the round, which is Haun Ventures' first deal.