Pixel Vault, the company behind non-fungible token (NFT) collection Punks Comic, yesterday announced a $100 million investment from Velvet Sea Ventures and 01A. The money will be used to develop an interactive NFT development platform.
Last year was a breakthrough for various platforms in the crypto space and Pixel Vault is no different. The company launched its first NFT in May 2021 and has since minted 104,000 NFTs that generated almost 100,000 ETH in transactions ($206 million). Of course, given they’re NFTs, much of the resale value will have gone to the NFT owners. The company was part of a partnership with Adidas and the Bored Ape Yacht Club, and launched the MetaHero Universe governed by token holders.
The investment will enable Pixel Vault to expand the uses of its platforms and explore other opportunities for monetizing intellectual property.
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