NFT Rewards Platform Otterspace Closes $3.7M Funding Led by Cherry Crypto and Inflection

According to The Block, NFT rewards platform Otterspace completed $3.7 million in financing, led by Cherry Crypto and Inflection, with participation from Bessemer Venture Partners, Coinbase Ventures, Btov Partners and Paua Ventures. The startup was launched in February by former Soundcloud employees Rahul Rumalla and Emily Furlong, and former venture capital investor Ben Dobbrick. Otterspace's app allows decentralized entities to reward participation and assign roles through NFT badges, which are earned through specific actions and can grant holders privileges such as increased influence over governance proposals, access to Telegram and Discord spaces, and even A form of salary. the