CAH NFT fetches $25m, Stage11 announces music NFTs

By Raffaele Redi

Concept Art House raises $1.1m in NFT seed-funding round while music experience start-up Stage11 raises €5m for NFT expansion

NFT token sign and contemporary artwork. Vector Illustration                                 
The NFT space generated $10.67bn in trading volume during Q3 2021 – Photo: Shutterstock
                                

Concept Art House (CAH), creators of the Frank Miller Sin City non-fungible tokens (NFTs), have announced receipt of $25m in a seed-funding round from leading NFT platforms and digital asset investors.

After witnessing a record $1.1m trading volume for its NFT drop celebrating Sin City’s 30th anniversary, the content developer, NFT and video-game art publisher said it had raised the funds to expand its team. The company is also looking at acquisitions and licensing deals across top blockchain protocols and marketplaces to build up a digital vault of NFTs.

The company said the support came from existing and new investors, and blended venture capital funds, leading NFT platforms and angel investors, including CEOs and tech founders.

“We now find ourselves at the intersection of NFT and gaming – two of the fastest-growing areas in the blockchain ecosystem and digital entertainment. With the new funding and tremendous wind in our sails, we are relentlessly focused on being a dominant force in NFT creation and blockchain gaming,” said CAH Holding Group’s CEO, James Zhang.

A sample of investors and advisors involved in the seed-funding round include Dapper Labs, Animoca Brands, Anthos, Appworks, Blockchain Coinvestors, Fabric VC, Hashkey, Liberty City Ventures, One Football, PKO Investments, Polymorphic Capital, Protocol Labs, Redbeard Ventures, Spartan Group, Steve Aoki, Jeff ‘Jiho’ Zirlin from Axie-Infinity, Gabby Dizon from Yield Guild Games, Vinny Lingham from Civic and Kevin Lin from Twitch.

Concept Art House did not immediately respond to a request for comments.

Stage11’s CTO on its plans to expand into the metaverse

Meanwhile, the music experience start-up Stage11 recently announced it has raised a €5m ($5.8m) in a seed-funding round led by the European venture capital fund Otium Capital. 

The funding round was backed up by Stage11’s founder and CEO, Jonathan Belolo, who is also the co-owner of Scorpio Records, and formerly worked with artists such as The Village People and Beyoncé. Stage11’s first NFT music experience is set to debut in 2022.

The company said its aim is to ”redefine the interactive music experience by combining gaming, mixed reality and digital collectables, building a new creative canvas for artists, allowing them to invite fans to live, play, and create inside their performances and musical worlds”.

Olivier Ozoux, Stage11’s chief technology officer, told Currency.com: “We’re not quite ready to disclose our NFT strategy yet, but you can think of it as a range of offerings – from personal mementoes that any fan can afford to ultra-rare items for the serious collectors.

“We’re very excited about what new technologies like Volumetric Capture and advances in real-time graphics for both immersive and mixed-reality applications, so we’ve always thought our digital collectables should not just be static images or videos.” 

“We look at them as animated objects or artists’ performances that can be placed and enjoyed inside of Stage11, and also something tangible and permanent for the fans to collect and trade outside of our events and experiences.”

Further reading: Curtis Roach NFT, TikTok’s first, sold for $106,000

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image