Operator-led venture capital firms Velvet Sea Ventures and 01 Advisors have invested $100 million in Pixel Vault, a large collection of non-fungible superhero tokens, to jointly launch multi-franchise entertainment company NFT Pixel Vault Inc.
According to Pixel Vault, the goal of the new venture is to use NFTs and intellectual property to tell the stories of crypto communities in a variety of mediums, including television, films, and video games. Pixel Vault owns 100% of the intellectual property, assets and operations of PUNKS Comic, MetaHero and all future franchises.
Pixel Vault founder and CEO Sean Girin, also known as GFunk, launched the company in May 2021. In a statement, he said that community empowerment, decentralized governance, and true digital ownership are at the center of all Pixel Vault projects, believing that “fans are the owner and the builder.”
Pixel Vault supporters are also token-holding community members. 01 Advisors, or 01A, is led by former Twitter CEO Dick Costolo and former Twitter COO Adam Bain. Last summer, 01A and Velvet Sea Ventures jointly invested $25 million in Tom Brady’s NFT Autograph marketplace.
Michael Lazerow, co-founder and managing partner of Velvet Sea Ventures, posted on LinkedIn that tells the origin story of Pixel Vault and explains the long-term vision for the new company.
“The story of the Pixel Vault and the story of digital property are intertwined and will be written over the next few years. The best thing about Web3 stories is that they can now engage you. If you were part of the Pixel Vault community, this was an epic prologue.”
As part of the fundraiser, Laserow will join Pixel Vault’s board of directors along with GFunk and General Counsel Jacob Wittman, while 01A’s Adam Bain will join the company as an observer and advisor to the board of directors. The sole shareholders of Pixel Vault are GFunk, its team and new investors.
Related: Dune Analytics Raises Nearly $70M in Series B Funding Round
Pixel Vault was one of the leaders in a collaborative project between PUNKS Comic, Bored Ape Yacht Club, GMoney and Adidas Originals launched in December 2021.
Operator-led venture capital firms Velvet Sea Ventures and 01 Advisors have invested $100 million in Pixel Vault, a large collection of non-fungible superhero tokens, to jointly launch multi-franchise entertainment company NFT Pixel Vault Inc.
According to Pixel Vault, the goal of the new venture is to use NFTs and intellectual property to tell the stories of crypto communities in a variety of mediums, including television, films, and video games. Pixel Vault owns 100% of the intellectual property, assets and operations of PUNKS Comic, MetaHero and all future franchises.
Pixel Vault founder and CEO Sean Girin, also known as GFunk, launched the company in May 2021. In a statement, he said that community empowerment, decentralized governance, and true digital ownership are at the center of all Pixel Vault projects, believing that “fans are the owner and the builder.”
Pixel Vault supporters are also token-holding community members. 01 Advisors, or 01A, is led by former Twitter CEO Dick Costolo and former Twitter COO Adam Bain. Last summer, 01A and Velvet Sea Ventures jointly invested $25 million in Tom Brady’s NFT Autograph marketplace.
Michael Lazerow, co-founder and managing partner of Velvet Sea Ventures, posted on LinkedIn that tells the origin story of Pixel Vault and explains the long-term vision for the new company.
“The story of the Pixel Vault and the story of digital property are intertwined and will be written over the next few years. The best thing about Web3 stories is that they can now engage you. If you were part of the Pixel Vault community, this was an epic prologue.”
As part of the fundraiser, Laserow will join Pixel Vault’s board of directors along with GFunk and General Counsel Jacob Wittman, while 01A’s Adam Bain will join the company as an observer and advisor to the board of directors. The sole shareholders of Pixel Vault are GFunk, its team and new investors.
Related: Dune Analytics Raises Nearly $70M in Series B Funding Round
Pixel Vault was one of the leaders in a collaborative project between PUNKS Comic, Bored Ape Yacht Club, GMoney and Adidas Originals launched in December 2021.
