Artizen Fund Raises $2.2 Million to Create NFT Cultural Artifacts
11 Could 2023 13:47, UTC
Studying time: ~2 m
Artizen, a Web3 culture-focused crowdfunding platform, introduced Thursday that it has raised $2.2 million to assist creators fund initiatives on the intersection of artwork, expertise, science, and design.
Thursday’s elevate included participation from main Web3 funds, together with Consensys Mesh, Animoca Manufacturers, and Protocol Labs, in addition to from people together with Clean Avenue Espresso’s Dan Hill, PleasrDAO’s Matt Condon, and Juan Benet, founder and CEO of Protocol Labs.
Newbie’s Luck on Artizen. picture: Artizen
On Artizen, creators promote so-called Artifacts to fund their initiatives: distinctive artistic endeavors that stay on the Ethereum blockchain and characterize the ethos of a venture by both teasing at its potential or showcasing a small a part of its creation course of.
Artifacts holders can even vote to determine what future initiatives must be featured on Artizen, as all initiatives on the positioning are curated by neighborhood members. On the finish of a given Artizen “season,” the venture with essentially the most bought Artifacts receives a money prize. This season’s prize can be $23,492.
$23,492 Prize // Season 2 // Ends is 7 days
“Ascendant Morphology” by @renderfruit simply bought 10 Artifacts and moved as much as 1st place.
Purchase Artifacts to unlock match funding and assist this venture win the Artizen Prize: https://t.co/P9vlvzV0hV pic.twitter.com/LfEpVIhyly
— Purchase Artifacts to Fund Creativity (@ArtizenFund) Could 9, 2023
Present main initiatives on Artizen embody a digital-to-physical design studio, a brief movie concerning the American immigration system, an animated collection exploring late-stage capitalism by means of the lens of a laundromat on line casino, and a collection of 3D animations that examine female gender efficiency.
Whereas a variety of current Web3 platforms already provide the flexibility for creators to promote NFTs to fund initiatives, Artizen co-founder René Pinnell believes his platform stands out from the remainder as a result of Artifacts are distinct and significant artistic endeavors in themselves, which might rise in worth together with the initiatives with which they’re related.
“The thought is that these artifacts will recognize in worth primarily based on how a lot actual world impression a venture has,” Pinnell informed Decrypt.
Shimmering Shadows Amusement Park on Artizen. Picture: Artizen
Whereas the co-founder doesn’t imagine each Artizen venture will form world tradition, he’s assured that some could have a seismic impression on historical past and the world.
“A few of [these projects] can be as impactful as Leonardo da Vinci, and so individuals will wish to personal these Artifacts,” he mentioned.