CXIP Labs raises $6.5M in seed funding, plans new product suite launch

NFT minting protocol CXIP Labs announced on Tuesday that it has raised $6.5 million from its seed funding round to help launch its new suite of products, called Holograph, which caters to businesses, creators, and enterprises.

Per the official press release, CXIP’s seed funding was joined by Courtside Ventures and Wave Financial as lead investors, and Vaynerfund, Diplo, Gmoney, Justin Aversano, Arca NFT Fund, Infinity Ventures Crypto, Kenetic Capital, Mirana Ventures, Company Ventures, Avalaunch, Soma Capital, Kosmos VC and Palm Drive Capital as participants.

Gary Vaynerchuk, the founder of VaynerFund, said in the press release, as quoted by CoinDesk:

“The CXIP Labs team has a proven background in supporting artists’ rights across creative industries, Web 3 fundamentals and a vision of the future for creators informed by some of the smartest people in Web 3.”

Founded by intellectual property lawyer Jeff Gluck in 2020, CXIP Labs is a start-up that provides NFT security and development infrastructure for creators, developers, and enterprises. Its new flagship product line ‘Holograph’ includes three main products, Bridge, Core, and Mint, designed to make NFT minting easier.

The bridge is a tool designed to facilitate NFT transfers between EVM blockchains, Core will act as a minting and storage application programming interface (API), and lastly, Mint offers a no-coding interface for creators.

In addition to several celebrities participating in the round as angel investors, musicians Pharrell Williams and Joe Jonas will also join CXIP Labs’ board of directors.

The post CXIP Labs raises $6.5M in seed funding, plans new product suite launch appeared first on Our Bitcoin News.