Solana closes $6m round to back independent NFT artists

By Raffaele Redi

Holaplex said it has plans for a variety of upcoming product releases

Non-fungible token sign and contemporary artwork                                 
The platform aims to provide independent artists, musicians and creators with simple and free tools to make and sell NFTs – Photo: Shutterstock
                                

Solana-powered NFT platform Holaplex and on-chain protocol Metaplex jointly announced the closing of a $6m seed round led by blockchain-focused investment firm CoinFund.

Holaplex said the funds raised will continue to support the growth and development of the Holaplex technology team in addition to open-source contributions to Metaplex community initiatives, and customer support services.

Following the funding round, Holaplex said it has plans for a variety of upcoming product releases, including new templates for storefronts, a no-coding-required tool for completing generative drops, and the release of a decentralised discovery tool for promoting and discovering creators and their auctions on Solana.

Other major ecosystem players who participated in the round include Social Capital, Valor, Collab+Currency, Blockchain Coinvestors and Solana Capital.

“We’re building Holaplex to empower creators and support the community of independent artists, musicians and creatives worldwide,” said Alex Kehaya, founder of Holaplex. “To deliver the no-code, click-and-publish experience expected by today’s tools for artists and creatives, Holaplex works behind the scenes with open-source Rust developers and Solana supporters.”

Holaplex platform

Founded in 2021, Holaplex aims to provide independent artists, musicians and creators with simple and free tools to make and sell NFTs, and makes over 2,000 stores available to NFT buyers and collectors.

The company leverages and contributes to the NFT protocol Metaplex, which aims to delivers fast, low-cost NFT creation on the Solana blockchain.

The platform is home to popular digital artist Pink Skull Queen and Somnium Space, a virtual reality world initially built on the Ethereum blockchain. “Ahead of their bridge to Solana they have successfully used Holaplex to generate over $1m in sales to bootstrap their Solana-based community,” said the company.

“The NFT infrastructure so far is missing a suite of tools for marketing and creating NFTs. Holaplex’s approach will bring these tools to market for mainstream users and enable them with the cutting-edge tools of Web3,” said CoinFund founder and CEO, Jake Brukhman.

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