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What’s Next for NFTs and Cryptocurrencies? 🔮

What’s Next for NFTs and Cryptocurrencies? 🔮
December 28, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
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The year 2021 was the year ideas seemingly unheard of became the new normal. Millions of employees were no longer waiting for offices to reopen and therefore adapted by moving to work remotely or quitting their day jobs for new gigs. Mental health became just as important as physical health and far from taboo to talk about. And digital artwork, known as NFTs, became the new luxury accessory, at least for a certain subset of the population.

While mainstream adoption of cryptocurrencies is still up for debate, there are signals of a New Year with crypto-lined pockets. Hannah Miller, a reporter at The Information, predicts that crypto will see its biggest year yet, with Bitcoin hitting the $100K mark as greater adoption boosts the most prominent cryptocurrency’s price. She also foresees that legacy banking institutions will get more involved and imagines JPMorgan will purchase a crypto exchange like FTX or bitFlyer.

Meanwhile, Kara Yuyieff, also of The Information, hears rumblings of YouTube offering another cutting-edge opportunity for their creators to make money through an NFT marketplace. Other creator economy companies have been toying with the idea, but it looks like YouTube will be first to launch. 

For more predictions of what’s to come, stay tuned for this week’s end-of-year coverage.

Unprepared for takeoff
Thousands of flights canceled as Omnicron causes staffing shortages.
[NY Times
]
Politics & NFTs
Arizona Senate candidate selling NFTs for political contributions.
[Axios]
Since last week, PrivCo has added:

256 Companies | 232 Funding Activities | 47 M&A Deals


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Funding & Deal Highlights:
 

Mystic Moose raises $5MM from Animoca Brands

Games • Seed • Conway, MA
 

Volta Grid raises $100MM from Canada Pension Plan

Renewable Energy • Equity • Bellaire, TX
 

Halo Collar raises at a $400MM valuation

Pet Tech • Round B • Plano, TX
 

Project Admission raises $9MM from Anthemis Group

Event Tickets • Seed • Nashville, TN
 

Paradox raises $200MM from Stripes Group

Recruiting • Round C • Scottsdale, AZ
 

Voi Technology AB raises $115MM from The Raine Group

EV • Round D • Stockholm, Sweden
 

Tackle raises $100MM from Coatue Management
Cloud • Round C • Boise, ID

 

LiveFlow raises $3.5Mm from Moonfire Ventures

Fintech • Seed • London, England
 

Cargill acquires Croda International for €915MM

Agriculture • Acquisition • Minneapolis, MN
 

Seachange acquires Triller 

Artificial Intelligence • Acquisition • Los Angeles, CA

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