FungyProof builds quality-assurance "report cards" for nonfungible tokens to help buyers assess NFTs before purchase. Its platform grades NFTs across more than 30 data points, covering potential security flaws, metadata, images and energy efficiency. The company combines crowd-sourced reviews with technical data analysis to evaluate team credibility, token attributes such as permanence and tokenomics, and market integrity. Reports are available via the website and a Chrome extension that annotates NFTs visible on the OpenSea marketplace. FungyProof is developing a community-review feature and a version two of its services to provide a fuller picture of a project’s health. The startup recently raised $1 million in pre-seed funding to further develop the platform and expand its team.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Apr 2022