Founders of short-lived NFT investing game Visionrare raise $1.5 million for web3 job network
The founders of a short-lived NFT marketplace for "fantasy startup investing" raised $1.5 million in funding for Job Protocol, a new decentralized recruitment network. The platform aimed to allow users to buy fake shares — represented by NFTs — of real-life startups such as OpenSea, Deel and Multis.
Visionrare didn't last long, shutting down within 24 hours of its open beta going live, amid questions over whether the platform was offering securities. During this period, the Europe-based founders said they received a call from U.S. regulators, which helped them understand some of the regulatory and legal hurdles the pair would need to clear if they pursued the project further. Even Bloomberg's Matt Levine weighed in on the startup's troubles in his column Money Stuff.
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