Consider it or not, it appears 3LAU‘s NFT endeavors are simply getting began.
CoinDesk studies that the famed digital music producer and cryptocurrency pundit has helped bankroll a $7.6 million injection for Showtime, a brand new “NFT social community.” Crypto funding agency Paradigm additionally backed the funding spherical for the platform, which permits customers to find and showcase NFT (non-fungible token) artwork.
Showtime operates similarly to Instagram. The platform has a devoted Information Feed and permits customers to love, remark, and even bid on NFT artwork shared by creators. “We’re turning the world of social media on its head by placing customers past platforms,” stated co-founders Alex Masmej and Alex Kilkka in an announcement.
“Paradigm is impressed by Alex’s imaginative and prescient of constructing a user-owned NFT social community, and we’re excited to assist the Showtime crew as they create the premier NFT shopper platform and revolutionize creator monetization,” Paradigm’s Arjun Balaji added.
3LAU has established himself as a pioneer within the NFT area. In February 2021 he broke the report for NFT gross sales within the first-ever tokenized album drop, a benchmark that was finally eclipsed by an astonishing $69 million sale by elite visible artist Beeple. In April he was introduced as one of many judges of NFTs: The Pitch, a Shark Tank-like NFT funding contest that additionally counts Ashton Kutcher and Mark Cuban as traders.
To seek out out extra concerning the NFT growth and their collision course with the EDM neighborhood, learn our interview with the founders of Nifty Gateway, one of many area’s hottest marketplaces.