PartyBid Operating Team PartyDAO Closes $16.4 Million in Financing Led by a16z

NFT bidding platform PartyBid's operating team, PartyDAO, has closed a $16.4 million round of funding led by a16z with participation from Compound Crypto, Dragonfly Capital, Uniswap Ventures and Loot founder Dom Hofmann. PartyDAO is a decentralized software organization whose product PartyBid is a protocol for buying an NFT together as a group.