The NFT collectibles data aggregator has attracted investments from Mark Cuban, Ashton Kutcher, and more. Here’s why CryptoSlam is in a growth spurt.
Randy Wasinger, an avid baseball card collector, launched the Kansas-based company in 2018. As CryptoSlam’s founder and CEO, he wanted to create a platform that could track MLB Champions, an early NFT collectible game on the Ethereum blockchain. Wasinger’s vision for CryptoSlam expanded quickly after interest in the platform grew. He wants to be able to provide investors and collectors with NFT data that’s easy to understand and organize.
“As a life-long collector of sports cards and memorabilia, I was instantly drawn to the collectability of NFTs and the need to organize NFT data in a way that made sense to both collectors and those who saw NFTs as an investment opportunity,” Wasinger said in a press release. “After launching the first version of CryptoSlam in early 2019, I saw the enthusiastic response from fellow NFT collectors and knew we could be on to something special.”
The company aggregates data on non-fungible token collectibles from Ethereum, WAX, and Flow blockchains. A look at CryptoSlam’s site immediately evokes comparisons to Crunchbase, Coinbase, and The Motley Fool. CryptoSlam’s platform features rankings of NFT collections based on sales volume over 24-hour, seven-day, and 30-day time periods. The company sends a weekly newsletter detailing new NFT drops.
It also ranks NFT collections based on sales volume, and according to its data, Axie Infinity, CryptoPunks, Bored Ape Yacht Club, and Meebits are dominating the NFT game. CryptoSlam is currently tracking over 600 NFT collections and how well their corresponding blockchains are performing.
Here’s an example of some of the data you can expect to find on CryptoSlam:
Building it Out
CryptoSlam is on a mission to become the most “trusted source of transparency for the NFT industry,” and investors are cutting checks to make sure the company advances its growth plans. Earlier this month, it brought in $9 million in venture capital in a seed round led by Animoca Brands with participation from Mark Cuban, Twenty5Twenty, Ashton Kutcher’s Sound Ventures, and more.
“NFTs entered the mainstream this past year and are here to stay,” Wasinger said in a press release. “Since 2018, we’ve been laying the groundwork to provide ultimate transparency for the NFT industry, and this strategic capital raise marks a key milestone for us as we continue to grow along with it.”
This is the second time Cuban has dished out funds to CryptoSlam. The prominent entrepreneur made his first investment in CryptoSlam last year as the company gained traction when it began tracking NBA Top Shot transactions on the Flow blockchain in early 2021.
“CryptoSlam.io is the go-to destination for tracking all things NFT — from NBA Top Shot moments to CryptoPunks, Bitcoin Origins, Sorare, and so much more,” Cuban said in a statement. “CryptoSlam has become the industry leader in tracking transactions for NFTs — from watching in real-time what is being listed and sold on NBA Top Shots to being able to trade your NFTs. And that dominance is only growing. I’m excited to be part of the amazing company Randy is putting together.”
CryptoSlam has a team of 20 employees. The company is using its seed investment to grow its team, build out its platform to include more blockchains, and launch new products under its brand, including an enterprise NFT data API. But is Wasinger right when he says NFTs are here to stay? CryptoSlam’s growth and future depends on it, and they’re betting on the answer is a resounding yes.