Jay-Z and Andreessen Horowitz back a $19 million investment in NFT platform Bitski

Jay-Z

An NFT platform that’s branding itself as the “Shopify for NFTs” raised $19 million in Series A funding from investors including Andreessen Horowitz (a16z) and Jay-Z.

Bitski is an NFT marketplace that aims to enable brands to easily create and sell non-fungible tokens through its platforms. Its website encourages content creators to “jump in, zero blockchain experience required,” and allows users to purchase digital art with credit cards.

A16z’s Sriram Krishnan said the venture firm led the Series A funding round and he will be joining the Bitski board.

“We have a number of investments focusing on NFTs and the metaverse – from Dapper Labs to OpenSea. It only stands to reason we invest in the infrastructure that makes NFTs accessible,” Krishnan said in a blog post.

Other investors in the funding round include Serena Williams, MrBeast’s Night Media, and Ari Emanuel, Endeavor CEO. Galaxy Digital, Winklevoss Capital, and Coinbase Ventures participated in a $1.81 million seed funding round in November 2019 for Bitski.

The popularity of non-fungible tokens has boomed in 2020, though some warn that a bubble is forming and ready to burst, particularly in the market for NFT art.

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Jay-Z’s new cannabis line Monogram just launched – take a look

monogram x jay-z
  • The Cannabis brand Monogram, created by Jay-Z, is now available to purchase.
  • The brand has four strains, with three different levels of THC, depending on how high the user wants to be.
  • Products range from $40 to $70.
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In October, Jay-Z announced he would be partnering with cannabis brand Caliva to create his own line called “Monogram.”

The Grammy-award winning rapper has been with the brand since 2019 as their Chief Visionary Officer. Monogram is part of a bigger deal between Roc Nation and a special purpose acquisition company (SPAC), which acquired Caliva and Left Coast Ventures to form The Parent Company.x

The products are finally here, which include $40 prerolls to “foster communal smoking with ease” and a $50 handroll made with a “proprietary roll technique allowing the flower to burn slowly and evenly for multiple sessions,” according to a press release from the brand.

The brand currently has four strains, which include No. 88, No. 96, No. 70 and No. 01, which carry light, medium, and heavy sensory descriptions.

The brand can now be purchased on Monogram’s website, but you can take a look at the offerings below.

The Monogram x Jay-Z collection starts with a two-gram package.

Monogram x Jay-Z
Two gram flower.

The two gram Monogram flower retails for $40 and is “grown in small batches to maintain control and quality, each flower is hand-selected and hand-finished by Monogram experts.”

 

Four grams of Monogram flower retails for $70.

Monogram x Jay-Z

The packaging helps protect the product from UV light.

The Loosies Preroll pack costs $40.

Monogram x Jay-Z
Loosies preroll pack.

It comes with four individually wrapped joints, each weighing 0.4 grams.

The Monogram OG Handroll “takes inspiration from the smoke experience of a premium cigar.”

Monogram x Jay-Z
The Monogram OG handroll.

Retailing for $50, it was created by “highly trained artisan rollers break the flower down by hand and roll using a time- honored process that was specially architected by Monogram culture & cultivation ambassador DeAndre Watson.” 

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