• Loading stock data...
Wednesday, September 17, 2025

Cohen-Backed Fund Leads $50M Round in NFT Company Recur

  • NFT company Recur raised $50 million in a round led by Steve Cohen-backed Digital.
  • Recur has an exclusive deal with the Pac-12.
MLB/Design: Alex Brooks

New York Mets owner and hedge fund billionaire Steve Cohen has a new side hustle: He’s joining the board of Recur after his venture fund Digital led the NFT platform’s Series A funding round.

The $50 million round valued Recur at $333 million. The funding will go toward licensing deals, partnerships, and growing Recur’s staff.

The NFT company is making a big push into college sports.

  • Recur has an exclusive partnership with the Pac-12 Conference to produce NFTs of video highlights. The first releases are expected in 2022. 
  • The company said that it will announce additional collegiate partnerships and college athlete collaborations soon.
  • Recur is launching NFTU, a marketplace for college sports highlights.

In March, Recur raised $5 million from the Winklevoss-owned Gemini, Ethereum co-founder Joe Lubin, JST Capital, and Defi Alliance.

In addition to the Mets, Cohen owns Point72 Asset Management, which has over $22 billion in holdings. Cohen’s net worth is currently $16 billion, per Forbes. He bought the Mets for $2.4 billion in September 2020.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Sep 8, 2025; Philadelphia, Pennsylvania, USA; New York Mets outfielder Juan Soto (22) runs to first base during the first inning against the Philadelphia Phillies at Citizens Bank Park.

The $339 Million Mets Are in Jeopardy of Missing the Playoffs

The Mets’ wild-card lead is 1.5 games with 15 remaining in the regular season.

MLB Attendance Is Holding Steady, but Gap Widens Between Teams

Recent attendance data varies widely from market to market.

Who Are the Richest MLB Owners?

MLB owners are among the wealthiest people in the U.S.

Yankees TV Ratings Swing Up 5% From 2024, 12% Higher Than Mets

The club’s local viewership improves, due largely to surges in streaming.

Featured Today

Premier Lacrosse League

‘The Circus Is Coming to Town’: Why Upstart Leagues Start on Tour

In their ambitious plans, a traveling schedule is only temporary.
PHILADELPHIA, PENNSYLVANIA - APRIL 19: A detailed view of the MLB Debut patch on the jersey of Patrick Monteverde #44 of the Miami Marlins prior to game against the Philadelphia Phillies at Citizens Bank Park on April 19, 2025 in Philadelphia, Pennsylvania.
September 13, 2025

The Tiny Jersey Patch at the Center of the MLB Rookie Card..

Autographed cards containing a piece of baseball history have upended the market.
September 11, 2025

Eagles-Chiefs Super Bowl Rematch Could Set More NFL Ratings Records

Fox will nationally televise Sunday afternoon’s matchup.
September 10, 2025

ESPN’s ‘MNF’ Ratings Up 8% As NFL Surges to Strong Start

ESPN posts its second-best Week 1 “Monday Night Football” audience.

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
June 24, 2025

Timberwolves’ 4-Year Ownership Saga Ends As A-Rod, Lore Take Over

The unanimous approval brought a clean end to a long-disputed transaction.
Apr 26, 2025; San Francisco, California, USA; Houston Rockets guard Fred VanVleet (5) before game three of first round for the 2024 NBA Playoffs against the Golden State Warriors at Chase Center.
June 25, 2025

Rockets Get $20 Million in Wiggle Room From New VanVleet Deal

VanVleet first signed with the Rockets in 2023.
Sponsored

How World Series Champ Dexter Fowler Became a Premier League Team Owner

Dexter Fowler discusses navigating retirement and embracing new roles as an owner & investor.
April 20, 2025

Max Verstappen Linked to $300M Aston Martin Deal Ahead of Miami GP

Aston Martin is currently seventh in the constructors championship.
March 27, 2025

Peyton Manning’s Omaha Productions Gets PE Boost

The Hall of Famer’s company gains another prominent backer.
March 20, 2025

High School Sports Power Signs Eight-Figure Rights Deal in First

The deal pays roughly $1 million annually, FOS has learned.
March 20, 2025

Maxx Crosby’s Agent: Edge Rushers Set to Dominate NFL’s Non-QB Market

Maxx Crosby just signed a three-year, $106.5 million extension.