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NFT-focused Metaversal raises $50 million in Series A funding

Metaversal, an investment firm and venture studio focused on non-fungible tokens (NFTs), announced Tuesday that it raised $50 million in Series A funding.  CoinFund, a US-based crypto-focused investment firm, and the investment partnership Foxhaven Asset led the funding round, which had additional participation from Dapper Labs, Rarible, Digital Currency Group, Collab+Currency, Franklin Templeton, Galaxy Vision Hill, Narwhal Ventures, NGC Ventures and others.  Metaversal intends to use the new funding to bolster NFT-related business strategies such as acquiring digital collectibles, funding …