Holaplex Raises $6M in Seed Funding

Holaplex, a NYC-based NFT platform that leverages Solana in addition to Solana-powered on-chain protocol, Metaplex, raised $6m in seed funding.

The round was led by blockchain-focused investment firm CoinFund with participation from Social Capital, Valor, Collab+Currency, Blockchain Coinvestors and Solana Capital.

The company intends to use the funds to support the growth and development of the Holaplex technology team in addition to open source contributions to community initiatives, and customer support services.

Founded in 2021 by Alex Kehaya, Holaplex provides independent artists, musicians and creators with free tools to make and sell NFTs while providing NFT buyers and collectors with over 2,000 stores to discover up-and-coming projects and artists. In addition to enabling creators to build their own NFT stores and marketplaces, with no-code, Holaplex leverages and contributes to the NFT protocol Metaplex, which delivers NFT creation on the Solana blockchain.

To begin using Holaplex, users must populate a wallet that accepts Solana tokens. Afterwards, users can create NFTs of their artwork, list them on their own store, and send or share them globally. The traction taking place on Holaplex can be seen through Somnium Space, a virtual reality world built on the Ethereum blockchain, now building on Holaplex. Today over 2,000+ stores have been created to sell NFTs on Holaplex.

Following the raise, the company has plans for a variety of upcoming product releases including new templates for storefronts, a no-coding-required tool for completing generative drops, and the release of a decentralized discovery tool for promoting and discovering creators and their auctions on Solana.

Holaplex empowers creators and collectors through a suite of no-coded tools to mint, discover, and sell NFTs on Solana. Creators worldwide choose Holaplex for its quick, affordable and easy to use platform.