Chiru Labs, the studio behind the NFT collection Azuki, is preparing to close a $30 million Series A funding round at a $300 million to $400 million valuation.
According to sources, the final terms have not yet been agreed and the negotiations are close to completion.
The Azuki collection is released on the Ethereum blockchain and is made up of 10,000 tokens. According to NFT marketplace OpenSea, the minimum price for each NFT is 11.4 ETH.
NFT project Doodles has previously raised $54 million from Reddit co-founder Alexis Ohanian.