NFT startup Pixie Vault raises $100M from Velvet Sea, others

Web3-centric media company Pixie Vault has announced plans for expansion after securing $100 million from its latest funding round with Velvet Sea Ventures and 01A as participants.

Pixel Vault, Inc. is excited to announce the closing of our fundraise led by Velvet Sea Ventures & 01 Advisors. https://t.co/eQCVDe0Z9A

— Pixel Vault (@pixelvault_) February 2, 2022

Launched in May last year, Pixie Vault features a large NFT collection of superheroes and villains as well as thousands of real and digital comic books featuring characters from the CryptoPunks project.

Announcing the fundraise Wednesday, the startup wants to build “the first multi-franchise NFT development platform” where artists, creators, and collectors can participate in the ownership of NFTs. “The new company will support the growth of crypto-native communities across a wide variety of mediums – NFTs, television and movies, video games and more,” the announcement read.

Per the press release issued Wednesday, Pixel Vault NFTs have generated nearly 100,000 in ETH via primary and secondary transactions since its launch. Sean Gearin, co-founder and CEO of Pixie Vault noted:

“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.”

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