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MakersPlace Raises $30M in Funding Round Led by Pantera Capital and Bessemer Venture

Digital art platform MakersPlace said it raised $30 million in a Series A funding round led by Pantera Capital and Bessemer Venture Partners.

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.

Source:Coindesk