The blockchain platform for creative content, knownOrigin has raised $4.85 million in a funding round led by ConsenSys Ventures and Kenetic Capital to expand its market reach beyond the current focus on art. KnownOrigin combines real-time 3D rendering with an app store of pre-made models onto which users can add their own work, creating new opportunities for artists around the world.
NFT Art Platform KnownOrigin has raised $4.85M in funding for its decentralized platform that allows artists to sell their works of art on the blockchain. Read more in detail here: what is nft art.
KnownOrigin, a UK-based NFT startup, has secured $4.85 million in a Series A fundraising round. GBV and Sanctor Capital, two crypto venture capital companies, co-led the round.
VC companies D1 Ventures, MetaCartel Ventures, LD Capital, and Pluto Digital Media all participated in the round, as did pseudo-anonymous investors Co1born, CaoArmand, FutureArt, Sats Moon, and the not-so-anonymous Dave Goode.
“We aim to help digital artists monetise their craft,” said David Moore, co-founder of KnownOrigin, when asked how the business would use the fresh funding. The money will be put back into the company to help other artists in the space.”
KnownOrigin is notable for democratizing the art market by allowing artists to sell NFTs to collectors all around the globe via easy transaction protocols. It has produced more than $30 million in sales over the last year, which has led to the development of its collection of artisan collaborators as well as the establishment of collaborations with companies like as Adidas, Netflix, and Adobe.
The firm has also developed a sophisticated new royalties system that assures that its independent artists earn royalties as soon as their work is sold.
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