25/06/2021 NFT marketplace startup Rarible closes $14.2 million Series A
Youâve likely seen the headlines surrounding the pretty major decline in NFT sales from the marketâs recent peak, with some reports indicating as much as a 90 percent decline in recent weeks. And while plenty of crypto speculators are on the losing end of that rapid decline, others see a future where digital collectible and digital goods take over the internet.
NFT marketplace Rarible announced Wednesday that theyâve closed a $14.2 million Series A from v Capital, CoinFund and 01 Advisors. The startup allows users to buy and auction off digital art. The firm also has its own Rarible governance token which allows users to make and vote on proposals around the platformâs features and fees.
The startup says it has reached $150 million in sales on the platform since launching 18 months ago.
NFT startups have raised major sums in recent months as investors coalesced around backing early players in the digital collectibles space. OpenSea, one of the most popular NFT hubs, raised a $23 million funding round in early spring from Andreessen Horowitz and Naval Ravikant. In March, invite-only NFT marketplace SuperRare raised a $9 million Series A. Last month, Bitski raised $19 million in bid to become the âShopify of NFTs.â
Alongside the funding announcement, Rarible shared that theyâve officially partnered with NBA Top Shot maker Dapper Labs to bring their NFT marketplace to Dapperâs Flow blockchain. Dapper Labs has begun building out a wider coalition of NFT platforms on its proprietary blockchain which is more energy efficient and less costly than transactions on the Ethereum network, though it is also much more centralized. Rarible says they will make this transition in the ânext couple of months.â
The startup has broad goals for making the NFT space more approachable to everyday web users, saying in a a blog post that they hope to use this funding to explore more user-friendly developments like accepting credit card payments. âWe need a world where an indie creator can effortlessly create an NFT and sell it for $5 to his community of supporters, as well as where a pop icon can use NFTs to establish close contact with her multi-million audience in a sustainable way,â the post reads.
NFT marketplace Rarible announced Wednesday that theyâve closed a $14.2 million Series A from v Capital, CoinFund and 01 Advisors. The startup allows users to buy and auction off digital art. The firm also has its own Rarible governance token which allows users to make and vote on proposals around the platformâs features and fees.
The startup says it has reached $150 million in sales on the platform since launching 18 months ago.
NFT startups have raised major sums in recent months as investors coalesced around backing early players in the digital collectibles space. OpenSea, one of the most popular NFT hubs, raised a $23 million funding round in early spring from Andreessen Horowitz and Naval Ravikant. In March, invite-only NFT marketplace SuperRare raised a $9 million Series A. Last month, Bitski raised $19 million in bid to become the âShopify of NFTs.â
Alongside the funding announcement, Rarible shared that theyâve officially partnered with NBA Top Shot maker Dapper Labs to bring their NFT marketplace to Dapperâs Flow blockchain. Dapper Labs has begun building out a wider coalition of NFT platforms on its proprietary blockchain which is more energy efficient and less costly than transactions on the Ethereum network, though it is also much more centralized. Rarible says they will make this transition in the ânext couple of months.â
The startup has broad goals for making the NFT space more approachable to everyday web users, saying in a a blog post that they hope to use this funding to explore more user-friendly developments like accepting credit card payments. âWe need a world where an indie creator can effortlessly create an NFT and sell it for $5 to his community of supporters, as well as where a pop icon can use NFTs to establish close contact with her multi-million audience in a sustainable way,â the post reads.
Arts
(0)
(0)
https://techcrunch.com/2021/06/23/nft-marketplace-startup-rarible-closes-14-2-million-series-a/?
Interesting NFTs
The New York Times x NFT
A digital original of Kevin Roose's New York Times column, "Buy This Column on the Blockchain!" Published 3/24/21.
Fidenza #135
Fidenza is by far my most versatile algorithm to date. Although the program stays focused on structured curves and blocks, the varieties of scale, organization, texture, and color usage it can employ create a wide array of generative possibilities. Additional project feature(s) => Scale:Uniform, Turbulence:High, Colors:Luxe, Have Margin:No, Spiral:No, Soft Shapes:No, Super Blocks:No, Collision Check:Anything Goes, Outlined:No, Shape Angles:Curved, Density:Medium
Pfötchen
*waves*! I'm Pfötchen. I'm a Ventriloquist by day, and I like running a podcast by night. I am 42% fairy, 48% Dogwalker, and otherwise bad at math. I hope we can be pawmates.
Who Is The Creator 2
The idea for this piece was borne out of a tweet of mine that caused a bit of a stir. Iâd posted a link to a blog article Iâd written a number of months previous titled âWho is the Creatorâ discussing various types of creative collaborations and why I hire people to work on my animations. It generated a lot of debate around creation and attribution with the community split on whether itâs right or wrong for an artist to hire other professionals to help them realize their art projects.
I decided to push the boundaries even further and see how the cryptoart community responded. What if I quite literally had nothing to do with the physical or digital elements of the work other than coming up with the concept and coordinating it?
I decided there was one artist in the space who could add huge value to this idea on levels that none other could and so I gathered my courage and contacted the great JosĂ© Delbo to ask him if heâd be interested in a very unique collaboration. I explained to him that to make this piece âworkâ he couldn't have any say in what I produced and moreover, he wouldnât even be allowed to see the animation until it was dropped on MakersPlace. To my surprise, Mr Delbo agreed to my proposal.
The animation tells the story of the creative process, which includes my roles as writer, director, and producer working with a team and making edits and changes âin real timeâ. The dialogue between myself and my âhired gunsâ plays out in front of the viewer. The music written for the piece adds to the nostalgia of the comic book superhero theme but other elements such as the snapping and kicking of the pencil and the signing of my signature at the bottom incorporates further layers and challenges the viewer to ask important questions, such as, is the âArtâ the final animation (the creation) or is the âArtâ the concept/credit for the creation itself?
#49405
By
OthersideDeployer