Today Mnemonic, a NFT intelligence platform powering blockchain applications, announces the launch of its APIs and cross-chain aggregation platform. As the first B2B NFT company, Mnemonic is backed by top-tier funds with a deep understanding of and ties to the blockchain ecosystem. The company has raised $4 million in seed funding led by Kenetic alongside Monochrome Capital, Sound Ventures, Tribe Capital, and prominent angels from Coinbase, IntoTheBlock and People.ai.
Introducing the “Plaid for NFTs.” The first non-fungible tokens emerged in 2017, and by 2020, 30,000 to 80,000 NFTs were changing hands weekly. The blockchain industry boom was further accelerated by the Covid-19 pandemic, with more than $2 billion spent on NFTs during the first quarter of 2021 — a 2,100% increase from the fourth quarter of 2020.
Mnemonic provides the data infrastructure layer for the next era of NFT companies. Similar to how Plaid’s technology platform powers fintech and digital finance products, Mnemonic’s API data platform is a foundational component that can power any NFT-based application. Mnemonic enables developers to instantly access and quickly build new applications on top of its cross-chain aggregation platform and APIs.
This first-of-its-kind NFT intelligence platform plays a critical role in transforming the enterprise layer by offering rich data, insights and infrastructure for the next era of NFT companies engaging today’s fans in crypto and commerce. The company’s APIs bring much needed clarity into the behavior of token owners and market dynamics, offering reliable and scalable search of all NFT data, cohorts and contract activity. Developers can access Mnemonic’s APIs to build applications with rich NFT data they would not otherwise have, while its dashboards allow collectors and enthusiasts to follow their favorite collections.
Current partners include major NFT companies Dapper Labs, Yat, and Mintable, who leverage Mnemonic’s API for their respective technologies. To showcase the power of its data, Mnemonic is launching the first version of its platform with live collections from blue-chip NFT partners Lazy Lions, Gutter Cat Gang, and World of Women. From small developers embarking on new NFT projects to crypto-native startups to Fortune 500 companies and brands, Mnemonic provides previously unobtainable data infrastructure for building NFT applications.