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.
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https://techcrunch.com/2021/06/23/nft-marketplace-startup-rarible-closes-14-2-million-series-a/?
Interesting NFTs
The River of Emeralds
Golden conditions at one of my favorite locations in the Rockies. The light, the colors, the textures; what more can you ask for? I just loved the way this river flowed into the sunset and the mountains in the background. It's rare you find a scene as perfect as this one. But when you do, you have to take advantage of it.
Mars House
Mars House is the first NFT digital house in the world. Upon purchase of Mars House NFT, 3D files will be sent to the new owner by Krista Kim Studio Inc. for file upload to the ownerâs Metaverse. Technical support for Mars House integration on Metaverse is provided. (Architectural Digest, March 14, 2021) âKim ventured into NFTs while exploring meditative design during quarantine; her hope was to use the influx of digital life as an opportunity to promote wellbeing. Comprised entirely of light, the visual effects of her crypto-home are meant to omit a zen, healing atmosphere. The artist also partnered with musician Jeff Schroeder of The Smashing Pumpkins to create a calming musical accompaniment. So what makes the file a compelling purchase? Beyond the promise of buying into the lucrative NFT market, the home and all of the furniture in it can be built in real life by glass furniture-makers in Italy, as well as through MicroLED screen technology. Kim also has a strong visions the art being projected, as well. âEveryone should install an LED wall in their house for NFT art.â says the artist. â This is the future, and Mars House demonstrates the beauty of that possibility.â The owner is in agreement to the following terms and conditions upon purchase of Mars House (hereby referred to as Mars House NFT): The collector agrees to own one copy of Mars House NFT on a single Metaverse platform. The collector is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio Inc. will provide technical support to upload and integrate Mars House NFT on a Metaverse platform. If/when Mars House is resold, the collector is required to delete all Mars House NFT 3D file(s) from his/her Metaverse, and provide verification of deletion to Krista Kim Studio Inc. before new 3D files are transferred to the new owner by the artist. The new owner is required to register Mars House NFT ownership with Krista Kim Studio Inc. Krista Kim Studio will send Mars House NFT 3D files directly to the new owner and provide support for Metaverse integration. This verified ownership transfer system will be appointed to Krista Kim Studio Inc. trusteeship, after 40 years of the date of the sale. Krista Kim Studio Inc. retains ownership of Mars House NFT copyright. All rights reserved. All reproductions of Mars House (NFT) in both digital and physical formats, are restricted. Mars House NFT physical furniture pieces, made of tempered printed glass in Italy, may be commissioned by the collector as NFT physical pieces.
CryptoKitties
Ugh! I'm Kitty #355048. I'm a Mad Scientist by day, and I like practicing witchcraft by night. I once dreamed of being a Dispensary Clerk. Now I can be found talking about how much I lift all day. We can be friends, but keep the ultra purrsonal stuff to yourself, please.
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