MakersPlace, a San Francisco, CA-based NFT marketplace for digital art, secured $30M in Series A funding.
The round was co-led by Bessemer Venture Partners and Pantera Capital, with participation from Uncork Capital, Draper Dragon Digital Assets, 9Yards Capital, Next Play Ventures, Coinbase Ventures and Sony Music Entertainment. Notable angel investors in the round included Acquavella Galleries, Sabrina Hahn and Bill Ruprecht in the arts; Eminem, Paul Rosenberg and 3LAU in music; Larry Fitzgerald Jr. and Shari Glazer in sports; and Eric Baker, Julia and Kevin Hartz, Vinny Lingham and Tobias Lütke in tech.
The company will use the funds to acquire additional talent and scale the business in existing markets and explore new ones.
Founded in 2018 by former Pinterest coworkers Dannie Chu and Yash Nelapati and eCommerce veteran Ryoma Ito, MakersPlace leverages blockchain technology to provide an NFT art platform which ensures authenticity, uniqueness and ownership for digital creators generating and selling their work.
The NFT marketplace accepts both cryptocurrency (ETH) and non-cryptocurrency (USD) payments.