Wild Secures Funding Round with Celebrity Investors

03/09/2023 15:10 • NFT Newsflash • 125 views

It is reported that the Web3 art platform Wild has completed a seed round of financing of US $7 million. Matrix Partners led the investment. Actress Gwyneth Paltrow, co-founder Reid Hoffman of LinkedIn and co-founder Kevin Lin of Twitch also participated in the round of financing that ended at the end of last year.

Web3 art platform Wild completed $7 million seed round financing

Analysis based on this information:

Wild, a Web3 art platform, has announced the completion of its seed round of financing, raising a total of $7 million. The investment was led by Matrix Partners with participation from several celebrity investors including actress Gwyneth Paltrow, co-founder Reid Hoffman of LinkedIn, and co-founder Kevin Lin of Twitch. The funding round was reportedly finalized at the end of last year.

The participation of high-profile celebrities in the investment round highlights the growing appeal of NFTs and blockchain technology in the art industry. This signals a shift towards alternative investments as more people look beyond traditional investments such as stocks and bonds. By investing in Wild, these celebrities are joining a growing number of investors who see the potential of NFTs and blockchain technology in revolutionizing the art industry.

Wild is a Web3 art platform that allows artists to showcase and sell their work as NFTs (Non-Fungible Tokens) on the blockchain. The platform aims to provide a space for artists to monetize their work and connect directly with buyers, without the need for intermediaries such as galleries and auction houses. With the rise of NFTs, Wild is tapping into a market where artists can receive a higher percentage of profits from the sale of their work.

The involvement of Matrix Partners in the funding round is also significant. The venture capital firm has a track record of investing in successful companies such as Oculus VR and HubSpot. Matrix Partners’ investment in Wild reflects their belief in the potential of NFTs and blockchain technology in disrupting the art industry.

Overall, the completion of Wild’s seed round of financing is a positive indication of the growth of NFTs and blockchain technology in the art industry. The participation of high-profile investors reinforces the trend towards alternative investments and shows a growing interest in the potential of Web3. As the art industry continues to evolve, platforms like Wild are poised to become an even more integral part of the market.

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Wild Secures Funding Round with Celebrity Investors

Web3 art platform Wild completed $7 million seed round financing

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