Share this article
Recur Raises $50M in Round Led by Steve Cohen-Backed Digital
The fundraising values the company at $333 million.
By Eli Tan
Updated May 9, 2023, 3:24 a.m. Published Sep 13, 2021, 4:30 p.m.
Recur, a designer and developer of non-fungible tokens (NFTs) for sports fans, said it raised $50 million in a Series A funding round led by Digital, an investment platform backed by hedge fund billionaire and New York Mets owner Steve Cohen.
The funding round values the company at $333 million, Recur said Monday.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The company also said it’s planning to bring collegiate athletics to the NFT space, starting with the Pac-12 Conference. Recur has partnered with Veritone, an artificial intelligence company, to license Pac-12 video highlights on NFTU, a new marketplace for National Collegiate Athletic Association (NCAA) themed NFTs.
Recur’s co-CEO Zach Bruch said in a press release that the company is aiming to “democratize access to NFTs” and bring accessibility to sports fans who aren’t engaged in the cryptocurrency world. The deal is the first NFT-specific licensing contract for an NCAA conference.
Investors in Recur’s $5 million seed round in March included DeFi Alliance, Courtside VC, Volt Capital and internet entrepreneur Gary Vaynerchuk.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
Top Stories
