And with music, blockchain platform Audius, it won’t be long before turning music into NFTs becomes the norm. Pixel Vault is looking to expand the use of NFTs beyond minted collections and commercialize assets from music, films, and games other creative content.Īt a technological level, this has already been done. And Pixel Vault is building it in close partnership with its engaged community of avid collectors, of which I am a proud token-carrying member.” “I bought 10 PUNKS Comics during the initial public sale and was fascinated by Sean’s unique view at the time that NFTs are the medium, not the product,” said Velvet Sea partner Michael Lazerow. The investment will enable Pixel Vault to expand the uses of its platforms and explore other opportunities for monetizing intellectual property. The company was part of a partnership with Adidas and the Bored Ape Yacht Club, and launched the MetaHero Universe governed by token holders. Of course, given they’re NFTs, much of the resale value will have gone to the NFT owners. The company launched its first NFT in May 2021 and has since minted 104,000 NFTs that generated almost 100,000 ETH in transactions ($206 million). Last year was a breakthrough for various platforms in the crypto space and Pixel Vault is no different. The money will be used to develop an interactive NFT development platform. Pixel Vault, the company behind non-fungible token (NFT) collection Punks Comic, yesterday announced a $100 million investment from Velvet Sea Ventures and 01A.
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