NFT rewards platform Otterspace completes $3.7 million in funding, with participation from Coinbase Ventures and others

ChainCatcher news, the NFT rewards platform Otterspace announced the completion of a $3.7 million funding round, led by Cherry Crypto and Inflection, with participation from Bessemer Venture Partners, Coinbase Ventures, Btov Partners, and Paua Ventures.

It is reported that Otterspace aims to reward certain behaviors with NFTs that are earned rather than purchased. Once contributors complete certain tasks or actions set by the DAO through the application, they will receive rewarded NFTs, ultimately achieving the goal of definancializing NFTs. (The Block)