Wednesday 8th December 2021
NFT Infrastructure Startup Mnemonic Emerges From Stealth With $4 Million In Funding
Mnemonic is creating a data layer to help companies better track and utilise NFTs.
The last 12 months will go down in history as the year NFTs broke out. Non-fungible tokens have been around since 2014, but their cultural relevance solidified in 2021, infiltrating almost every industry from art and music to charity and even floats in the Macy’s Thanksgiving Day Parade. Yet the multi-billion dollar market rapidly scaled this year without a critical piece to sustain this growth — proper infrastructure. San Francisco-based Mnemonic looks to change that.
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