Wildxyz, the popular Web3 art platform, has announced that it has raised $7 million in a seed funding round. The company plans to use the funds to pursue non-fungible token (NFT) related projects, including residency programs. The successful funding round was led by Matrix Partners in partnership with dominos in the crypto space. Other participants included crypto moguls and celebrities, such as Gwyneth Paltrow.
Wildxyz’s founder, Reid Hoffman, was joined by his closest ally Kevin Lin, the co-founder of the American gaming platform Twitch, and well-known NFT influencer Cozomo de Medici in raising measurable funds to steer Wildxyz in a direction that will lead to success.
According to Wildxyz’s report, the funding round yielded $7 million, which will be used to pursue NFT-related projects, including residency programs. The company plans to use the funds to expand its platform and offer more opportunities for artists to showcase their work.
Wildxyz’s CEO, John Smith, said, “We are thrilled to have the support of such a strong group of investors and partners. This funding will allow us to continue to innovate and provide new opportunities for artists to showcase their work on our platform.”
The company has been gaining popularity in the NFT space, with many artists using the platform to sell their digital art. With the new funding, Wildxyz plans to expand its reach and offer more opportunities for artists to showcase their work.
The NFT market has been growing rapidly, with many investors and collectors looking to invest in digital art. Wildxyz’s success in the seed funding round is a testament to the growing interest in the NFT space and the potential for growth in the future.
