# NFT-Based Community Platforms 'Koop' Raised $5 Million USD to Scale its Application By Colin Smith | Published 2022-09-01 | Tech Source: Trend Hunter, https://www.trendhunter.com/trends/koop References: [venturebeat](https://venturebeat.com/games/koop-raises-5m-to-enable-communities-and-creators-to-raise-funds-with-nfts/) & [koop.xyz](https://koop.xyz/#mission)  '[Koop](https://www.trendhunter.com/trends/koop-technologies)' announced that it has completed a $5 million USD round of funding that it will use to bolster its community application. The Koop application is a platform that enables consumers, companies, content creators, and any other user to organize and fundraise through the use of [NFTs](https://www.trendhunter.com/trends/toekenz). The platform provides convenient tools that allow for the organization of NFTs with different purposes, such as NFTs that act as an entry token to a community, or NFTs that were sold purely for fundraising. The Koop platform also allows for community organizers on the platform to manage the treasury of the community, adding a level of cooperation and social interaction to the app. This does not mean a community organizer can simply take the NFTs of its members, though, as personal belongings are still protected on the platform. Koop purports itself as a web3 organizational tool, more particularly, one that is suited for fostering a dedicated community for the purpose of launching a new product line, a new online application, or merely building a community for the sake of it. Image Credit: Koop ## Trend Insights (Trend Hunter) - Score: 2.6/10 - Popularity: 15% | Activity: 52% | Freshness: 12% - Audience gender: 50% men, 50% women - Primary generations: Gen Z, Millennial, Gen X - Top markets: North America, Europe, Asia ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Tech](https://www.trendhunter.com/tech) > [Gadgets](https://www.trendhunter.com/gadgets) ## Key Themes ### Key Themes Behind This Trend - **Nft-based Fundraising Platforms:** Developing fundraising platforms that enable community members to interact with NFT will promote the revolution of fundraising events. - **Web3 Community Applications:** Developing Web3-based platforms for community building will open up new possibilities for producers and consumers to transact, interact, and create together. - **NFT Community Treasury Management:** Innovations in NFT-based community treasury management will improve social interaction, enhance transparency, and secure community funds. ### Where This Applies - **Online Marketplaces:** Online marketplaces could integrate NFT-based fundraising options to build strong sentiments of belongingness. - **Social Networking:** Social networking industries can disrupt donated-based fundraising by using NFTs to reward active members within their communities. - **Art Industry:** Integration of NFT-based community treasury management in the Art industry will enable transparency in auction bidding, making it an opportunity to revolutionize the creative space. ## Related on Trend Hunter - [Blockchain Development Initiatives](https://www.trendhunter.com/trends/kongregate-platform.md) - [Web3 Gaming Platforms](https://www.trendhunter.com/trends/spacebar-platform.md) - [Compliant Security Automation](https://www.trendhunter.com/trends/koopai.md) - [Cross-Platform Blockchain-Based Games](https://www.trendhunter.com/trends/tatsumeeko.md) - [NFT Fighting Games](https://www.trendhunter.com/trends/mechafightclub.md) - [Zero Code Development Platforms](https://www.trendhunter.com/trends/soba-platform.md) - [Expanded Kombucha Brands](https://www.trendhunter.com/trends/better-booch-kombucha.md) - [Family-Focused NFT Platforms](https://www.trendhunter.com/trends/toekenz.md) - [Digital Fundraising Competitions](https://www.trendhunter.com/trends/the-community-cup.md)