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A startup turned venture capitalists into cartoon NFTs and the stunt blew up on Twitter. Here's why it had everyone laughing.

A startup turned venture capitalists into cartoon NFTs and the stunt blew up on Twitter. Here's why it had everyone laughing.

The "Helpful VCs" NFT collection
https://helpfulvcs.com/




Today a startup called Party Round released a line of non-fungible tokens (NFTs) designed to look like top VCs.




The VCs had five hours to claim their NFT by tweeting before the cartoons went up for auction.




The NFTs went viral, with top VCs like Fred Wilson and Andrew Chen claiming theirs.




See more stories on Insider's business page.


A startup called Party Round has combined Silicon Valley's two favorite things: venture capitalists and non-fungible tokens (NFTs). Today, the company, which has not officially launched and describes itself as "Cash App for equity," released a line of NFTs inspired by the upper echelon of Silicon Valley, a group they named "Helpful VCs". The NFTs, which are unique files minted on the blockchain, portray and caricature dozens of top VCs, from a laser-eyed Anthony Pompliano to a vampire Peter Thiel. VCs had five hours to claim their own NFT for free by tweeting out a link, and consequently, the stunt went viral.After the five-hour period, their blockchain alter egos were put up for auction to the general public, with the proceeds becoming grants for early-stage founders.
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