Afterparty, a Los Angeles, CA-based technology company behind the new Web3 platform enabling creators to directly monetize and manage NFT collector relationships, raised $3m in seed funding.
The round was led by Acrew Capital and TenOneTen Ventures with participation from Palm Tree Crew, Act One Ventures, Hex Capital, Red Light Management, and angel investors including Dylan & Brandon Lee, Louis Beryl, Dave Bonanno, Craig Clemens, Reade Seiff and Alex Kassan.
The company intends to use the funds to accelerate product development of its Creator NFT platform.
Founded by entrepreneur David Fields, formerly of Disney and head of investments at Michael Eisner’s The Tornante Company, and Dan Rahmel, senior technology executive at Music Audience Exchange, Afterparty provides a Creator NFT platform which provides creators with the tools to launch NFTs and gain direct artistic and financial control of their fan relationships. Using the Afterparty events platform, which made its public debut in August 2021 following a beta launch with Ethereum and Deso, creators can “token gate” exclusive fan experiences that can only be accessed with an NFT the creator launches.
Afterparty is scaling its resources and platform to prepare for the January launch of its Ethereum and Polygon based NFT marketplace that will provide creators with opportunities to showcase their artistic talents through unique digital collectibles.
Eytan Elbaz, co-founder of Scopely and Social Native, and a musician himself, joined Afterparty as co-founder only a few weeks into launch.
The NFT marketplace will be fully available in January with its events platform debuting exciting creator events weekly.