BlockArt, a NYC-based NFT-based protocol, raised $1m in pre-seed funding round.
The round was led by CoinFund, with additional participation from Focus Labs, Metacartel Ventures, Divergence Ventures and other major ecosystem contributors.
Founded in 2019 and Adrian le Bas, BlockArt builds open source software and bootstraps a protocol and ecosystem empowering creators with NFT tooling and infrastructure at the intersection of creative coding tech, generative art and blockchain data. Its on-chain protocol enables anyone to mint generative art as NFTs by collaboratively visualizing and remixing Ethereum data.
Going forward, the protocol will function as a foundation layer for applications to be built on top of it — the ﬁrst fully operational application that has been built is EthBlock.art, a web3 platform that supports a multi-level collaborative conversation between creative coders, visual artists, and collectors.