FTX CEO leads $3.25M seed round for web3 media company

Trustless Media, a web3-based media company that uses NFT sales to fund content, has raised $3.25 million in a seed funding round led by FTX CEO Sam Bankman-Fried.

Why it matters: Trustless Media, co-founded by former Yahoo Finance anchor Zack Guzman, is one of multiple companies trying to use web3 concepts as a way to get into the highly competitive content alongside deep-pocketed mainstays.