While there has been a slight uptick in demand for non-fungible tokens amid the recent crypto boom, NFT-specific companies have yet to see renewed interest anywhere near what it was in 2021 when some tokens sold for millions of dollars.
One company that launched when the sector was hot four years ago is raising money, in part, by reinventing itself and building out its bridge technology. On Wednesday, Union Square Ventures announced it is leading a $14 million round into Reservoir, an NFT company that launched its bridge protocol last year.
