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MakersPlace Raises $30M in Funding Round Led by Pantera Capital and Bessemer Venture
Other investors included rap artist Eminem, Coinbase Ventures and Sony Music Entertainment.
Digital art platform MakersPlace said it raised $30 million in a Series A funding round led by Pantera Capital and Bessemer Venture Partners.
STORY CONTINUES BELOW
- The firm introduces digital art and non-fungible tokens (NFTs) to a mainstream collector audience.
- Other investors in the round included Uncork Capital, Draper Dragon Digital Assets, 9Yards Capital, Coinbase Ventures, Sony Music Entertainment and rap artist Eminem.
- In February, Christie's said it had partnered with MakersPlace to auction artwork by the renowned crypto artist Beeple. The work sold for $69.3 million.
- MakersPlace reports the number of collectors using its platform has grown 10-fold over the past year, with the firm facilitating over $100 million in transactions.
- NFTs are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers.
Read more: Quarterback Patrick Mahomes Joins Gronk in NFL Blitz of NFT Mania
Tanzeel Akhtar
Tanzeel Akhtar has contributed to The Wall Street Journal, BBC, Bloomberg, CNBC, Forbes Africa, Financial Times, The Street, Citywire, Investing.com, Euromoney, Yahoo! Finance, Benzinga, Kitco News, African Business Magazine, Hedge Week, Campden Family Office, Modern Investor, Spear's Wealth Management Magazine, Global Investor, ETF.com, ETF Stream, CIO UK, Funds Global Asia, Portfolio Institutional, Interactive Investor, Bitcoin Magazine, CryptoNews.com, Bitcoin.com, The Local, The Next Web, Mining Journal, Money Marketing, Marketing Week and more. Tanzeel trained as a foreign correspondent at the University of Helsinki, Finland and newspaper journalist at the University of Central Lancashire, UK. She holds a BA (Honours) in English Literature from the Manchester Metropolitan University, UK and completed a semester abroad as an ERASMUS student at the National and Kapodistrian University of Athens, Greece. She is NCTJ Qualified - Media Law, Public Administration and passed the Shorthand 100WPM with distinction. She does not currently hold value in any digital currencies or projects.
