Wild Art Platform Raises $7 Million In Seed Round Financing

03/09/2023 15:10 • Digital Disruptors • 93 views

It is reported that the Web3 art platform Wild has completed a seed round of financing of US $7 million. Matrix Partners led the investment. Actress Gwyneth Paltrow, co-founder Reid Hoffman of LinkedIn and co-founder Kevin Lin of Twitch also participated in the round of financing that ended at the end of last year.

Web3 art platform Wild completed $7 million seed round financing

Analysis based on this information:

Wild, the Web3 art platform has recently emerged as a disruptor in the digital art industry, providing creators and collectors with a decentralized platform to showcase and trade NFTs. The company has recently announced the completion of its seed round financing, which raised a significant amount of $7 million.

Leading investment firm, Matrix Partners, has led the investment round, which also managed to bring in prominent investors such as actress Gwyneth Paltrow, co-founder Reid Hoffman of LinkedIn, and co-founder Kevin Lin of Twitch. The funding will be used to further develop the platform, onboard more artists and expand the marketplace.

The Wild platform was founded by former eBay executive, Jesse Walden, who sought to revolutionize the way creators monetize their work by introducing blockchain technology. This technology allows unique digital assets to be created, bought, and sold as non-fungible tokens (NFTs), with each token representing a unique asset.

Walden sees the rise of Web3 platforms as a substantial opportunity for both creators and their audiences. With the ability to decentralize the art world, Wild enables creative individuals to monetize their talent while providing collectors with the ability to invest in the next generation of artists.

This seed round financing is a significant accomplishment for Wild, with investors such as Matrix Partners heralding the platform as viable and profitable. Additionally, the support of key players such as Gwyneth Paltrow and Kevin Lin is an indication that the company has the potential to attract both high-profile artists and investors.

In conclusion, Wild’s seed round financing is an indication of the growing trend of Web3 platforms in the art world. The platform provides a decentralized space for creators and collectors to share and invest in digital art, empowering individuals and disrupting traditional industries. With Matrix Partners leading the investment and the support of high-profile investors, Wild’s future prospects look very promising.

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Wild Art Platform Raises $7 Million In Seed Round Financing

Web3 art platform Wild completed $7 million seed round financing

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