FirstMate Raises $3.75 Million to Empower NFT Creators
FirstMate, a startup focused on providing NFT creators with digital storefronts, has secured $3.75 million in funding. The round was led by Dragonfly Capital, a prominent crypto venture capital firm. Coinbase Ventures and NextView also participated in the funding round.
Key Points:
– FirstMate has launched a beta version of its marketplace website builder, in partnership with Manifold, another NFT startup.
– The CEO of FirstMate, Jacob Frantz, emphasized the company’s commitment to putting creators first. They aim to break away from traditional one-size-fits-all marketplaces and provide a platform that allows artists to showcase their work and have control over royalties.
– The startup has already created marketplaces for notable brands such as Bankless, Gmoney’s 9dcc, FELT Zine, and Sound.xyz. These marketplaces feature a wide range of collections, from generative art to luxury clothing.
Hot Take:
FirstMate’s focus on empowering creators and giving them more control over their work is a promising development in the NFT space. By providing a platform that caters specifically to artists’ needs, FirstMate has the potential to disrupt the current marketplace landscape and create a more sustainable and artist-friendly environment.