HomeNFTNFT Art Platform KnownOrigin Raises $4.85M in Funding Round

NFT Art Platform KnownOrigin Raises $4.85M in Funding Round

NFT Art Platform KnownOrigin Raises $4.85M in Funding Round. UK-based NFT start-up KnownOrigin has raised $4.85 million in its recent Series A funding round. The round was co-led by crypto venture capital firms GBV and Sanction Capital.

In addition to its duo of leaders, the round also saw involvement from the likes of VC firms D1 Ventures, MetaCartel Ventures, LD Capital, and Pluto Digital Media, as well as contributions from pseudo-anonymous investors Co1born, CaoArmand, FutureArt, Sats Moon, and the not-so-anonymous Dave Goode. NFT Art Platform KnownOrigin Raises $4.85M in Funding Round.

David Moore, the co-founder of KnownOrigin, has since spoken on how the company will leverage the new injection of funds: “We want to help digital creators monetize their craft. The funding will be reinvested into the business to further support artists in the space”. NFT Art Platform KnownOrigin Raises $4.85M in Funding Round.

KnownOrigin is known for democratizing the art world by empowering artists with simpler transaction processes when selling NFTs to collectors around the world. Throughout the past year, it has generated more than $30 million in sales, which in turn, has led to the expansion of its collection of artisan collaborators as well as the formation of partnerships with the likes of Adidas, Netflix, and Adobe.

The company has also created a proficient new royalties system, which further ensures that its independent artists will instantly receive royalties each time their work is sold.

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