certify
Home arrow Article arrow Article Detail

Brand Spanking New NFT Platform- One of Raises $63m For Musicians

Profile Image

Vandana Mrigwani Follow

INDIA

May, 28 2021

May, 28 2021

likes | comments 0

Article Image

Sustainable technology company OneOf has raised $63 million in seed funding to finance its new inexperienced N.F.T. platform for musicians, giving additional proof that the marketplace for nonfungible tokens remains hot.


Marketplace For Artists And Fans To Faucet Into Digital Collectibles


Several investors and venture capitalists participated in the seed spherical, together with Bill Tai, Sun aforementioned of National Imagery and Mapping Agency Capital, Sangha Capital, Tezos Foundation, Jack Herrick, and Jaeson Ma East-West Ventures.


Built on the Tezos protocol, OneOf could be a marketplace for artists and fans to faucet into digital collectibles. The corporate claims that are minting N.F.T.s on Tezos use over two million times less energy than leading networks like Ethereum. Artists who wish to mint an N.F.T. on Tezos can pay zero value for their listing, whereas users will be ready to procure their collections in over a hundred thirty-five order currencies. OneOf also plans to present some of its sales to an environmental cause or charity of the artist's selection.


Most Popular Trends Within The Cryptocurrency Market


Artist Doja Cat was aforementioned that she's happy to be operating with OneOf" in addressing accessibility and environmental problems at an equivalent time. Blockchain has the flexibility to democratize possession and produce economic management for each artist and fans. They are building a technology company with an artist-first attribute and eco-conscious mission. It assists many numerous non-crypto native users to the blockchain through simple and exciting use cases like N.F.T.s. Euphoria close N.F.T.s seems to possess cooled over the past few weeks because the cryptocurrency markets tanked. Before the sale, N.F.T.s and Defi were among the most popular trends within the cryptocurrency market.


Despite the recent pullback, the longer term for N.F.T.s seems to be bright. A replacement business forecast from the Invezz publication pegged N.F.T.s at a capitalization of $470 million by Oct as commerce volume surges nearly four-hundredth. The soon-to-be-launched platform can feature N.F.T.s from artists like Whitney Houston, Doja Cat, John Legend, T.L.C., H.E.R., American Revolutionary leader Jones, Charlie Puth, Jacob miner, G-Easy, AURORA, the child LAROI, Alesso, and additional.


likes | comments 0

Profile Image

Vandana Mrigwani

CBW - External Analyst

INDIA

Comments
Disclaimer: The information is for informational purposes only.​ This advertisement does not constitute financial advice or any other advice. You should consult with a financial professional to determine what may be best for your individual needs. None of the information and/or content available through this advertisement is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any company, financial product, security or commodity. To the maximum extent permitted by law, we disclaim any and all liability in the event any information, commentary, analysis, opinions, advice and/or recommendations prove to be inaccurate, incomplete or unreliable or result in any investment or other losses. In Making the investment decision, investors must rely on their own examination of the issuer and the terms of the offerings, including the merits and risks involved. Investments are speculative, illiquid, and involve a high degree of risk , including the possible loss of investment.