Summary:
Generative art platform fxhash has raised $5 million in seed funding led by 1kx, with participation from various investors including the Tezos Foundation. The funding will be used to expand the team and launch a platform upgrade that integrates Ethereum minting. fxhash is a Tezos-based platform that enables artists to create and sell generative art as NFTs. The company has been self-funded until now, relying on revenue from platform fees.
Key Points:
– fxhash raised $5 million in seed funding led by 1kx.
– Other participants in the funding round include Fabric Ventures, Bright Opportunities DAO, Union Square Ventures, and the Tezos Foundation.
– The funding will be used to grow the team and launch a platform upgrade that integrates Ethereum minting.
– fxhash is a Tezos-based platform that allows artists to create and sell generative art as NFTs.
– The company has been self-funded until now, relying on revenue from platform fees.
Hot Take:
The seed funding raised by fxhash will enable the platform to expand its capabilities and reach a wider audience. With the integration of Ethereum minting, artists on fxhash will have more opportunities to showcase and monetize their generative art. This funding round demonstrates the growing interest and investment in the crypto art space, highlighting the potential for generative art to continue evolving and gaining mainstream recognition.
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