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Zigazoo receives investment from NBA

Previously, NBA had collaborated with Zigazoo to encourage kids to produce content on basketball.

The National Basketball Association (NBA) was a part of a $17 million fundraising round for Zigazoo, a social media platform similar to TikTok that caters to children between the ages of three and twelve and has over one million subscribers.

The NBA has joined forces with a firm that aims to offer a family-friendly setting while examining social trends.

The well-known social network for kids in the world, Zigazoo is among the top five kids’ applications available on the Apple App Store. Children respond ingeniously to puzzles presented by the top children’s companies in the world on Zigazoo and share their videos with friends.

During its All-Star weekend this year, the NBA collaborated with Zigazoo to encourage kids to produce content on basketball.

The NBA has been focused on making an investment in a hub for young people’s social media for quite some time.

CEO and Founder of Zigazoo, Zak Ringelstein, stated, “We’re planning on using the new capital to become the biggest kids company in the world by expanding our Web3 offerings while building towards becoming the leading social network for kids to interact directly with creators and brands in the kids’ media space.”

Liberty City Ventures served as the investment round’s principal investor. Dapper Labs, the business behind NBA Top Shot, OneFootball, a German football firm, and the gaming firm and private capital company, Animoca Brands also took part in the round. Jimmy Kimmel and Serena Williams‘ Serena Ventures have both invested in the past as well.

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