{"id":66810,"date":"2022-09-07T12:43:42","date_gmt":"2022-09-07T09:43:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66810"},"modified":"2025-09-07T03:18:51","modified_gmt":"2025-09-07T00:18:51","slug":"nft-startup-dust-labs-raises-7-million-from-ftx-and-solana-ventures","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/nft-startup-dust-labs-raises-7-million-from-ftx-and-solana-ventures\/","title":{"rendered":"NFT startup Dust Labs raises $7 million from FTX and Solana Ventures"},"content":{"rendered":"<p>The Dust Labs startup, linked to the NFT collections y00ts and DeGods on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> platform, has raised a strategic investment round of $7 million.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We would like to announce that we have raised a strategic round of $7M to build out the <a href=\"https:\/\/twitter.com\/search?q=%24DUST&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DUST<\/a> ecosystem.<\/p>\n<p>AMA with <a href=\"https:\/\/twitter.com\/frankdegods?ref_src=twsrc%5Etfw\">@frankdegods<\/a> &#038; our CEO <a href=\"https:\/\/twitter.com\/kevindegods?ref_src=twsrc%5Etfw\">@kevindegods<\/a> on Thursday, September 8th. <a href=\"https:\/\/t.co\/VxzdZeu3P0\">pic.twitter.com\/VxzdZeu3P0<\/a><\/p>\n<p>\u2014 Dust Labs (@dust_labs) <a href=\"https:\/\/twitter.com\/dust_labs\/status\/1566975856777777152?ref_src=twsrc%5Etfw\">September 6, 2022<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>FTX Ventures, Solana Ventures, as well as the NFT marketplace Magic Eden, Foundation Capital, and others participated in the round.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/7i57coHYpix2qdJPQGxXxyLy3zk2g0kZhQjPPNOvyVnYfZtsFD4_HQFbIWAubtNqzVb98qwLhPFGUz_CWsnhzsWEk0zOkob_ZNm8N5a9bZFG0_MTJ0YEBqE7yGSA_jHOsZPEGGM_whUDtrp13fB7NaVFb9s1wtxIz9p1mPQ050Q1RULhz-b-fqPXLw\" alt=\"NFT startup Dust Labs raises $7 million from FTX and Solana Ventures\"\/><figcaption>Source: Dust Labs.<\/figcaption><\/figure>\n<p>The Dust Labs startup, linked to the NFT collections y00ts and DeGods on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> platform, is oriented toward \u201ccreating software that helps NFT communities bring more value to token holders\u201d.<\/p>\n<p>Founder Frank said in an interview with <a href=\"https:\/\/decrypt.co\/109086\/solana-nft-startup-dust-labs-y00ts\">Decrypt<\/a> that Dust Labs is a technology company. It is not the parent entity of DeGods as with Yuga Labs and the Bored Ape Yacht Club collection.<\/p>\n<p>The raised funds will be directed toward building an ecosystem for the utility token DUST. It was initially launched as a reward for DeGods holders. It is the only coin that can be used to mint y00ts.<\/p>\n<p>Earlier, the startup Optic, which authenticates NFTs using artificial intelligence, <a href=\"https:\/\/forklog.com\/en\/news\/optics-nft-content-recognition-project-raises-11-million\">raised $11 million<\/a> from Kleiner Perkins and Pantera Capital.<\/p>\n<p>In August, the trading volume of non-fungible tokens continued to decline globally. The trend is confirmed by the leading NFT marketplace OpenSea, with its figure dipping to $500 million, according to <a href=\"https:\/\/forklog.com\/en\/news\/august-2022-in-figures-bitcoin-correction-miners-revenues-rise-and-defi-liquidity-outflows\">ForkLog&#8217;s report<\/a>.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Dust Labs startup, linked to the NFT collections y00ts and DeGods on Solana, raised a strategic investment of $7 million.<\/p>\n","protected":false},"author":1,"featured_media":66811,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1213,1133],"class_list":["post-66810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-nft","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"37","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=66810"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66810\/revisions"}],"predecessor-version":[{"id":66812,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66810\/revisions\/66812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66811"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}