​​Solana NFT Startup Dust Labs Raises $7M as y00ts Tops NFT Ch | Crypto Sale

​​Solana NFT Startup Dust Labs Raises $7M as y00ts Tops NFT Charts

Solana NFT project y00ts is off to a hot start since launching last night, topping secondary markets as the NFTs sell for a significant premium over the mint price. And amid the hype over the rollout, the Web3 tech company tied to the project has raised a seed round from some notable investors.

Dust Labs, a tech startup linked to both y00ts and the popular DeGods NFT project, has raised $7 million in funding from an array of venture capital firms. Participants in the round include FTX Ventures and Solana Ventures, as well as top Solana NFT marketplace Magic Eden, Solana NFT protocol maker Metaplex, and firms Foundation Capital and Jump.

The startup spawned out of the success of DeGods, currently the most valuable NFT profile picture (PFP) project on the Solana blockchain. It was founded by the creator of DeGods, who goes simply by Frank, but has its own CEO (who goes by Kevin) and is focused on “building software that helps NFT communities bring more value to their holders,” per the website.