25/06/2021 NFT marketplace startup Rarible closes $14.2 million Series A

You’ve likely seen the headlines surrounding the pretty major decline in NFT sales from the market’s 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 they’ve 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 platform’s 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 “Shopify of NFTs.”

Alongside the funding announcement, Rarible shared that they’ve officially partnered with NBA Top Shot maker Dapper Labs to bring their NFT marketplace to Dapper’s 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 “next couple of months.”

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. “We 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,” the post reads.
Arts

https://techcrunch.com/2021/06/23/nft-marketplace-startup-rarible-closes-14-2-million-series-a/?

Interesting NFTs
BTC POWER
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Futon
You know you are supposed to store it away when you are not using it right?
The King
Part of a series of three artworks entitled "The Rulers". Inspired by the rulers of the animal kingdom, african mandalas & diamonds. A very complex digital illustration, each lion consists of hundreds of custom diamond shapes. Each background is an intricate custom mandala that compliments the lions facial features.
The Scion
A young figure caught in a moment of distraction, aware only ephemerally of his unconscious being, as it engages in psychological and psychedelic layer spaces. His right arm casually cradles a moray eel; the figure is comfortable but not truly aware of the potentials for danger in such negligence. His shirt reads “Bello” in Pokemon style font, harkening back to a childhood straddling the millennial threshold. To his right side, out of the unconscious deep, shrouded alien heads propagate as a fractal totem, each new iteration a more sophisticated rendering of emotional masking over the cold mystery of the greys. As the scion of the Budgie-Sattva, the young man, in his distraction, is also simultaneously aware of higher levels of self discovery. To his left a psychological topology sets beneath the oracle side of an 8 ball ,hovering; its message a purest concept of acceptance. The “Scion” lettering is in 80’s HeMan style bold declaration. The lower right side of the painting is like a hybrid of melon, feathers, and seeds. The crystals in the background bring light; conducted, refracted, reflected, and dispersed, to balance the dark shadow of the figure’s physical body. The aura of the scion succeeds in layers to point, with a finger, and the crown chakra, toward a center of a mandala existing as nigh pure application of strokes, in essence painterly abstraction, but also revealing hints of the Aura of migraine, and the bi-hemispherical nature of the brain–noting concerns of the possibility of inherited mental disease. Yet the flourish of chakra as it sets against that center is robust, active, coherent, and reveling against all fear. Fundamentally, the piece speaks to the activation of one’s potential to begin to “Know Thyself”, and find greater awareness out of the enigmas of the mind–as an inculcated seed given to the rich soil of one’s own birthright.