JAY-Z’s investment helps NFT marketplace Bitski raise $19 million

Roc Nation co-founder Jay Brown, Troy Carter and Serena Williams also contributed to the Series A funding round.

  /  05.08.2021


Billionaire hip hop mogul JAY-Z is among the investors included in NFT platform Bitski’s Series A funding round. The self-proclaimed “Shopify for NFTs” raised $19 million from a variety of contributors. 

Bitski made the announcement on Thursday (May 6), revealing its investors and the multi-million dollar amount they received.

“We’re excited to announce our Series A raise today! Bitski is grateful to be backed by a brilliant team of investors that support our relentless efforts to evolve the way we interact with digital content,” the company tweeted. 

The founders of The Hundreds streetwear brand, Bobby and Ben Hundreds, Roc Nation co-founder Jay Brown, Troy Carter, Serena Williams, Endeavor CEO Ari Emanuel and Andreessen Horowitz (a16z) are also on the long list of investors. 

Bitski’s goal is to provide a simple platform for game developers, brands and average consumers to create, buy and sell digital products. The San Francisco based startup was founded in 2018 by Donnie Dinch. Initially, Dinch and company aimed to be the “Venmo for Cryptocurrency” posing as a crypto wallet platform. However, the vision changed in 2020. Bitski began focusing on NFTs, and shifted its site to become a marketplace for the virtual goods. 

Thus far, Bitski has partnered with World Wrestling Entertainment to release an NFT featuring The Undertaker, and worked with Adidas and the no. 1 NFL draft pick Trevor Lawrence on animated digital trading cards. The company also created a custom storefront for streetwear brand Staple and virtual sneaker creators RTFK, who released an NFT dubbed “METAPIGEON” this week.

JAY-Z’s involvement is a good indication that the Roc Nation founder will likely produce his own NFTs very soon. It will be interesting to see how this chess move fits into Hov’s other recent business endeavors. Last year, JAY launched his first cannabis brand Monogram. This year, he helped create a $10 million fund to invest in minority-owned cannabis companies. He also sold a majority stake of his music streaming company Tidal to Square’s founder Jack Dorsey. That move came shortly after he sold half of his stake in Armand de Brignac champagne to LVMH. Will Bitski serve as a gateway for more rappers to get involved with NFTs? 

YOU MIGHT ALSO LIKE

YOU MIGHT ALSO LIKE

View More

YOU MIGHT ALSO LIKE

YOU MIGHT ALSO LIKE

View More

Trending

15 singers who are Aquarius

From D’Angelo to Brandy, these 15 singers share the eclectic sun sign of Aquarius and bring their creative nature to the music scene.

  /  01.24.2024

Kickin' Facts with Legendary Lade | adidas Crazy IIInfinity Shoes, "Silver Metallic"

To infinity and beyond! Adidas’ new Crazy IIInfinity shoes updates a Kobe classic!

  /  01.29.2024

19 rappers who are Aquarius

These innovative, progressive and rebellious air signs bring that unique Aquarius flair to the Hip Hop scene.

  /  01.22.2024

14 rappers with “Young” in their names

From the cloud rap of Sweden, to the trenches of Memphis, to the gutter of East New York and the roots of trap music in Atlanta, the “Young” title can be found everywhere.

  /  01.23.2024

17 visuals that prove Missy Elliott invented music videos

From Kung Fu in the sewer to trash bag suits, Missy Elliott not only invigorated the modern music video, she put her thang down, flipped it and reversed it.

  /  01.21.2024

Beyond our reach: The story of Aaliyah, the astrophysicist and space traveler

For our “Imagine If?” Black History Month campaign, check out the sci-fi story of Aaliyah Bennet, the astrophysicist and inventive space traveler. 

  /  02.06.2024

17 rap names based on animals

Check out these 17 rappers whose names are based on animals and how these wild creatures have influenced their personas.

  /  01.28.2024

The cast of "Girlfriends": Where are they now?

The television world changed forever when the pilot episode of “Girlfriends” aired on UPN. We take a look at where the cast is now. 

  /  01.27.2024

25 rappers' real names

Uncover a layer of these rappers’ personal history and glimpse into their lives before the fame with REVOLT’s list of 25 rappers’ real names.

  /  01.25.2024

Meet the artists and writers behind REVOLT’s "Imagine If?" Black History Month initiative

In a move to reshape the narrative of Black identity, REVOLT has launched an initiative this Black History Month that puts the storytelling power firmly in the hands of Black creators. Check them out!

  /  02.05.2024

The cast of “The Fresh Prince of Bel-Air”: Where are they now?

“The Fresh Prince of Bel-Air” can be considered one of the greatest sitcoms of all time. More than 30 years after its pilot episode, REVOLT takes a look at what the cast is up to.

  /  01.21.2024

Darius Hicks of “While Black” stands on business when it comes to talking about race

As the host of “While Black,” Darius Hicks is intent on getting to the nitty-gritty when discussing race. Check out this exclusive interview.

  /  02.08.2024

23 male British rappers you should know

Here are 23 male rappers that are essential to pay attention to in the contemporary UK rap scene. 

  /  02.04.2024

17 most iconic R&B album covers

From Toni Braxton’s self-titled album to Michael Jackson’s ‘Thriller,’ here is REVOLT’s list of 17 iconic R&B album covers.

  /  02.18.2024

Benzino explains his beef with Eminem & says he's willing to make amends

“Eminem ain’t no bad person. He belongs in Hip Hop,” Benzino said in part.

  /  02.17.2024

Usher’s $20 million herpes lawsuit has been dismissed

It appears as though he and the plaintiff Laura Helm have reached “an amicable resolution.”

  /  05.03.2019

27 Drake lyrics that are perfect Instagram captions

The next time you’re looking for a caption for your perfectly curated Instagram, there’s a 95 percent chance that Drizzy’s got you!

  /  11.08.2023

Mo'Nique and Katt Williams face backlash for going too far on "Club Shay Shay"

“I think a lot of that stuff isn’t the stuff that should be aired out like that,” said Chris Spencer when discussing the no-holds-barred interview Mo’Nique did on “Club Shay Shay.”

  /  02.11.2024

Jermaine Dupri shows a good sense of humor in response to jokes about his Super Bowl outfit

“Y’all got me f**ked up!” he jokingly said on social media.

  /  02.12.2024

Twitter is horrified after Rachel Dolezal's OnlyFans pictures leak

Her representative shared that the 44-year-old created the profile to show off her Savage X Fenty lingerie.

  /  09.27.2022
View More
Revolt - New Episodes