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Zigazoo Raised $17 Million In Series A Funding Round

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Zigazoo is on the list of top five kids apps on the Apple App Store and is one of the largest social networks for children. On Zigazoo, kids can make creative video responses to challenges made by the world’s biggest children’s brands and share them with friends.

Zigazoo recently launched a non-fungible token (NFT) collection and raised $17 million in a Series A funding round led by Liberty City Ventures. Other participants in the round included Causeway, the National Basketball Association, Dapper Labs, OneFootball, Medici VC, Animoca Brands, and Lightspeed Venture Partners.

Zigazoo’s web3 plans include further NFT drops and increasing the in-app utility of the tokens, including offering “richer trading options” and a new fan club experience. Zigazoo also plans to build a creator studio where users can create their own marketplace of NFTs and other digital goods. 

The NFTs will be built on the Flow blockchain and will be available for purchase through the Zigazoo app. Users will be able to buy, sell and trade the tokens as well as include the art in their profiles and videos.

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