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

Source: https://techcrunch.com/2022/05/05/haun-ventures-leads-50m-round-in-nft-startup-zora-labs
Kiwi News: https://news.kiwistand.com/stories/NFT-startup-Zora-Labs-nabs-dollar50M-in-round-led-by-Haun-Ventures?index=0x6806ad2e34095f632a11057de854f438669f61b7542231829e5672c2bf0e900e8ca192b8
Submitted by tim on 2025-04-21 UTC, 1 upvote, 0 comments

## Summary

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.

## Article

Image Credits:Zora Labs

4:52 PM PDT · May 5, 2022

The NFT ecosystem continues to chug along, but the vast majority of volume is still moving through the centralized halls of NFT marketplace OpenSea, leaving crypto VCs eager to find new channels.

Katie Haun’s new firm, Haun Ventures, has led its first deal in NFT startup Zora Labs. The $50 million funding round values the company at $600 million.

Zora’s protocol allows artists and developers to create NFT marketplaces and collections. Zora has its own primary marketplace where users can list NFTs, similar to OpenSea, but the vast majority of NFTs sold on its protocol take place on third-party sites. Crypto organizations like publishing startup Mirror and collective FWB have leveraged Zora’s protocol to sell NFTs to community members.

In addition to Haun Ventures, backers in the round include Coinbase Ventures and Kindred Ventures. Haun notably led OpenSea’s Series B while at a16z, earning a seat on the board.

Following a16z departure, Katie Haun debuts Haun Ventures with $1.5B in capital to back crypto startups

Topics

Andreessen Horowitz, blockchains, coinbase, Coinbase Ventures, Crypto, Haun Ventures, Katie Haun, Kindred Ventures, NFTs, non-fungible token, OpenSea, Startups, Zora Labs

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Lucas Matney was a senior editor at TechCrunch based in San Francisco.

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