Pixel Vault Secures $100 Million Funding to expand its Platform

The year 2022 is NFT blooming and rising as the idea keeps getting support from millions of users worldwide. The world of NFT opened new channels of hope, fulfilment, and opportunity to meet targets. It is not only an emerging opportunity for capitalists who might view it as another way to generate lasting value, but it is equally beneficial for boosters who view it as a technological revolution to transform the world of securing the best digital assets.

It seems the whole world is becoming crazy about investing in NFT Marketplace companies and platforms. The trend, which started in 2021, is witnessing a considerable rise by infusing millions of dollars into equity investments in startups including OpenSea, Dapper Labs, and Sky Mavis.

Pixel Vault is the new kid in the race that has attracted a massive collective of NFT superheroes intending to grow big into the decentralized Marvel-Esque empire. It recently closed a deal of $100 million in funding from Adam Bain and Dick Costolo’s 01 Advisors and Velvet Sea Ventures.

Pixel Vault has been proving that NFT projects have become something more significant than its competitors in a short period. Sean Gearin, CEO, Pixel Vault, said, “The company’s projects are developed with the three key tenets of Web3 – community empowerment, decentralized governance, and true digital ownership.” in a statement. 

“The company believes that customers and fans are the real owners and the builder,” he added.

The company’s initial launch of NFTs was in May, much before it took the shape of a company, which featured a drop of thousands of comic books, natural and digital, from the characters from CryptoPunks world. They offered users the option of exchanging the comic NFT over a short period for a spot in the Pixel Vault founder’s DAO. It is defined as a crypto collective that allows users to gain ownership in a substantial collection of NFT networks. It also included the number of Crypto Punks Comic NFTs worth millions at current prices that were the main characters of the Pixel Vault comic.

The Investment

Velvet Sea Ventures and 01 Advisors invested a reasonable sum of money into Pixel Vault superheroes to jointly launch rebranded multi-franchise NFT entertainment company.

According to the company sources, the company aims to leverage NFTs and intellectual property to narrate the stories of crypto-native communities across a variety of mediums, including television, movies, and video games."

CEO Sean Gearin aka GFunk, retains the right to possess 100% of the IP and all possible operations with the tokens.

Pixel Vault collectible tokens were launched in May 2021, and with the new breadth of money from investors, the company is enjoying a win-win solution for both investors and recipients.

Velvet Sea Ventures’ Michael Lazerow tells TechCrunch, “Pixel Vault showcases its prominence in building a decentralized Disney which means co-creation and co-ownership with avid fans in order create a mutual interest and appreciation of their global characters.” 

Pixel Vault has already struck a deal with WME to develop partnerships in Hollywood and beyond.