Non-fungible token (NFTs)-based comics publisher Pixel Vault just just raised $100 million in funding from venture capital firms 01 Advisors and Velvet Sea Ventures.
According to the announcement shared by the company, the company plans to use the funds to create a multi-franchise NFTs platform that will allow users to own digital content across movies, television, comics, video games and other media.
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The startup is the creator of the PUNKS Comics project, in which NFTs holders get access to webcomics. The first issue chronicled the life of fictional crypto influencer Beanie, while the second featured characters from the Bored Ape Yacht Club collection.
Sean Gearin, CEO of Pixel Vault, said:
"Pixel Vault projects are built with the key tenets of Web3 at the center – community empowerment, decentralized governance and true digital ownership. We do not look at the fan as the customer. Our fans are the owner and the builder."
Following the funding round, Velvet Sea Ventures co-founder Michael Lazerow will join the company's board of directors. 01 Advisors co-founder Adam Bain will also join as an advisor and observer.