Quick take:
- Zigazoo plans to drop more NFT collections.
- It also plans to build a creator studio for users to create their own NFT marketplace.
- Zigazoo has previously sold out four NFT drops about NFT education for children.
KidSAFE COPPA Certified social network for children, Zigazoo, has raised $17 million in Series A funding led by Liberty City Ventures.
Participants in the round include Causeway (company partners include the owners of the Boston Celtics and San Francisco 49ers), the NBA, Dapper Labs, OneFootball, Medici VC, Animoca Brands and Lightspeed Venture Partners, among others.
Zigazoo allows users to create and share video responses to challenges from its content partners in categories including art, math, health and fitness. The app has previously released and sold out four NFT drops amounting to 22,300 NFTs in total aimed at educating children on the technology, in partnership with Moonbug entertainment.
Each video is moderated by humans through a third-party moderation service that work during a 19-hour window, seven days a week to ensure videos stay on topic.
The platform will use the new funding to add more Web3 experiences including further NFT drops and increasing in-app utility of the tokens to include improved trading options and fan club experience. Zigazoo also plans to build a creator studio for users to create their marketplaces to sell NFTs and other digital goods.
The NFTs are minted on the Flow blockchain and can be purchased via the ZIgazoo app. Users can buy, sell, and trade the NFTs or use the art as in their profiles and videos.
The platform was founded in 2020 by two former elementary school teachers, Zak and Leah Ringelstein, and aims to be the leading social media app and NFT education platform for kids.
“The future of Web3 will be shaped by the children of today, as their creativity expands the range of what is possible,” Emil Woods, founding partner of Liberty City Ventures, said in a statement. “Zigazoo in building a fun child-friendly platform where the creators of tomorrow can engage, explore, and experiment.”
In April last year, Zigazoo raised $4 million in a funding round led by led by MaC Venture Capital. Celebrity investors included Jimmy Kimmel, Serena Williams through her venture capital firm Serena Ventures, and Matthew Rutler, investor and head of talent at MasterClass.
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