Cent, a San Francisco, CA-based platform that provides tools for creators to make an income using NFTs, raised $3M in seed funding.
Backers included Galaxy Interactive, Jeffrey Katzenberg, Mark Pincus, Reid Hoffman, will.i.am and In/Visible Ventures.
The funds will be used to expand the company’s platform to support an ecosystem of new apps that utilize NFTs to help creators make an income.
Led by Cameron Hejazi, CEO, Cent is a platform that provides tools for creators to make an income using non-fungible tokens (NFTs). While Cent is known for Valuables, its NFT marketplace that sold Jack Dorsey’s original Tweet for $2.9MM, there are broader implications beyond the sale as it relates to creators around the world. The sale highlights the crucial role existing networks will play in the transition to user-owned networks. The platform will accelerate this transition by connecting apps and services that creators use directly into the NFT ecosystem. With this approach, the platform will help creators understand their existing audiences and enable a new, direct line of communication and monetization using NFTs.