News Update

CXIP Labs Taps raises $6.5M Round for NFT Development Suite,led by Wave Financial and Courtside Ventures

• ByStartupStory     |    April 27, 2022

CXIP Labs, a protocol for minting – or producing – non-fungible tokens (NFT), said it had raised USD 6.5 million in a seed round to launch Holograph, a suite of products targeted at NFT enterprises/creators.

According to a Tuesday press release, the round was led by Wave Financial and Courtside Ventures, with participation from Gary Vaynerchuk’s Vaynerfund and celebrities Gmoney, Diplo, Pussy Riot’s Nadya and leading NFT artist Justin Aversano. The Holograph suite will include 3 initial products – Core,Bridge and Mint.

Bridge allows NFTs to be transferred between EVM blockchains. Core is a multichain application programming interface for software developers while Mint is a minting interface targeted at creators.

The CXIP Labs protocol has been used to deploy NFT drops from Nifty Gateway and Sotheby’s Metaverse, as well as the UkraineDAO NFT project, which raised nearly USD 7 million to support Ukraine in its war against its neigbouring country Russia.

Gary Vaynerchuk, founder of VaynerFund, said in apress release that he CXIP Labs team has a proven background in supporting artists’ rights across several creative industries, Web 3 fundamentals and a great vision of the future for creators informed by the smartest people in Web 3”.

Other participants in the round includedInfinity Ventures Crypto, Kenetic Capital, Mirana Ventures, the Arca NFT Fund, Company Ventures, Avalaunch,Palm Drive Capital,Soma Capital, Kosmos VC

CXIP Labs’s last funding happened in July of last year , when it raised a USD 1.7 million seed round led by Courtside Ventures.

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