Async Art, a San Francisco, CA-based art platform, raised $2m in seed funding.
The round was led by Lemniscap with participation from Galaxy Interactive, Signum Growth Capital, Semantic, Blue Wire Capital, Collab+Currency, Inflection, Divergence Ventures, the LAO, and Placeholder.
The company intends to use the funds to onboard more users to the platform, develop more ways to display the Async artworks, and expand with job openings for platform developer and community manager.
Launched in February 2020 by CEO Conlan Rios, Async Art provides a platform built on the Ethereum blockchain which allows users to create, collect, and trade programmable art comprising a Master work and Layers that are independently owned and controlled.
Programmable art is a new movement in which creators deconstruct their work into “Layers” and endow them with abilities. Collectors can then own and alter artworks through said Layers. Layers can even be hooked up to external data sources such as time to change autonomously.
Launched in February 2020 there has already been over $5M in bid volume on the platform and over $1M in artist sales.