According to The Block, European NFT utility platform Tropee completed a US$5 million seed round of financing, led by Tioga Capital, with cryptocurrency founders such as Sébastien Borget of The Sandbox, Thibault Launay of Exclusible, Grégoire le Jeune of Geometry and Gem founder Lorens Huculak Also participated in the equity financing that closed in August. The company did not disclose valuation information.

It is reported that Tropee aims to inject utility into NFTs by helping brands easily create user experiences from their collections.