On November 15, 2022, NFT fraud detection network Yakoa announced that it had raised $4.8 million to help the company in its mission to protect creators and brands from misuse of their IP and helping identify and remove misleading or inappropriate content from Web3 platforms. Wilson Sonsini Goodrich & Rosati advised Yakoa on the transaction.

The funding was led by Collab+Currency, Volt Capital, and Brevan Howard Digital with additional participation from Alliance DAO, Uniswap Labs Ventures, Orange DAO and several other investors. Yakoa indexes NFTs across major blockchains and analyzes them with state-of-the-art AI to catch fraud and keep unsafe assets from Web3 platforms. The technology is designed to give creators and brands a map of where copies of their content are being used.

The Wilson Sonsini team that advised Yakoa included Yokum Taku, Jonathan Chan and Jordan Cruzzavala.

For more information, please see Yakoa’s announcement and additional coverage in TechCrunch.