The round was led by Polychain Capital, the world's premier investor in cryptocurrency protocols and companies. Polychain joins previous investors Framework Ventures, CoinFund, Blockchain Capital, Slow Ventures, Mechanism Capital, and Delphi Digital, among others. Upshot is the first, and leading, technology company that can accurately and reliably appraise the value of digital assets like NFTs at scale. The company plans to use the funds for additional research and development for its pricing models and to build out its growing team. The investment will also help Upshot finance its novel decentralized finance (DeFi) x NFT primitives, and create additional developer tools to allow others to build novel DeFi x NFT primitives leveraging Upshot's price feeds.

Upshot is a blockchain-based protocol providing industry-leading non-fungible token (NFT) appraisals. By delivering accurate and trusted expert appraisals, Upshot enables the creation of solutions at the intersection of decentralized finance (DeFi) and NFTs - for the industry and themselves. Upshot Analytics is currently available in private Beta and will open to the general public soon. The Upshot API is currently available and being used by teams to inform their projects. Y