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cent.co

Founded Year

2017

Stage

Seed VC | Alive

Total Raised

$3.25M

Last Raised

$3M | 10 mos ago

About Cent

Cent develops a digital platform for users to create content and specializes in NFT.

Cent Headquarter Location

315 Montgomery Street Suite 900

San Francisco, California, 94104,

United States

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Research containing Cent

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Cent in 2 CB Insights research briefs, most recently on Oct 19, 2021.

Expert Collections containing Cent

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Cent is included in 2 Expert Collections, including Influencer & Content Creator Tech.

I

Influencer & Content Creator Tech

241 items

Companies that serve independent creators who want to monetize their own work, from content creation tools to administrative back-end platforms to financing solutions.

B

Blockchain

4,483 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

Cent Patents

Cent has filed 3 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

2/25/2015

4/25/2017

Concrete, Structural engineering, Building engineering, Bridges, Roofing materials

Grant

Application Date

2/25/2015

Grant Date

4/25/2017

Title

Related Topics

Concrete, Structural engineering, Building engineering, Bridges, Roofing materials

Status

Grant

Latest Cent News

eMarketplace Cent Stops Selling Most NFTs Due to Fraud

Feb 14, 2022

Cent, a platform for selling non-fungible tokens (NFTs), has suspended a majority of its transactions because people have been selling content that isn’t theirs, Reuters reported Saturday (Feb. 12). Buying and selling on the Cent marketplace was halted on Feb. 6, and Cameron Hejazi , the platform’s founder, has said this fraud is a “fundamental” issue with the digital assets world. Last year, NFT sales soared to roughly $25 million, according to Reuters, leaving people “baffled” on why money is being spent on items that don’t really exist and can be seen for free. Last March, Cent sold an NFT of one Jack Dorsey’s first tweets for almost $3 million. Hejazi was quoted by Reuters as saying there’s “a spectrum of activity that is happening that basically shouldn’t be happening — like, legally.” He said there were three main issues: people selling unauthorized copies of other peoples’ NFTs, people making NFTs of content not belonging to them and people selling sets of NFTs resembling a security. All of these things had been “rampant,” and he added that some users were also “minting and minting and minting counterfeit digital assets.” These issues might come into more focus with more brands joining the virtual metaverse, or Web 3. Even OpenSea, the largest NFT platform, has said the problem is real and that over 80% of the NFTs minted for free on its platform were “plagiarized works, fake collections and spam.” PYMNTS wrote that the U.S. Treasury has identified the NFT market as one ripe for use in financial crimes, with a recent report saying there are several reasons it’s attractive, including the high-dollar values and easy transportability. Some participants have begun implementing procedures for due diligence on buyers and sellers of NFTs, which can help with money laundering — though the voluntary nature of it might render it moot. The Treasury has also suggested other solutions, such as government support for private sector information sharing programs to encourage transparency. ——————————

Cent Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Cent Rank

  • When was Cent founded?

    Cent was founded in 2017.

  • Where is Cent's headquarters?

    Cent's headquarters is located at 315 Montgomery Street, San Francisco.

  • What is Cent's latest funding round?

    Cent's latest funding round is Seed VC.

  • How much did Cent raise?

    Cent raised a total of $3.25M.

  • Who are the investors of Cent?

    Investors of Cent include Mark Pincus, Jeffrey Katzenberg, Galaxy Interactive and William James Adams Jr..

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