Pixel Vault Gets Funds To Develop NFT Super Hero

Pixel vault, develop NFT super hero. (photo; doc. unsplash)

JAKARTA - Venture capital firms led by operators Velvet Sea Ventures and 01 Advisors are investing 100 million US dollars (Rp 1.4 trillion) into Pixel Vault, a large non-exchangeable collection of superhero tokens, to jointly launch a multi-franchise entertainment company. nonfungible tokens (NFT), Pixel Vault Inc.

According to Pixel Vault, the goal of this new venture is to leverage NFT and intellectual property to tell the story of the crypto-native community across a variety of media, including television, film, and video games. Pixel Vault owns 100% of the IP, assets and operations of PUNKS Comic, MetaHero and all future franchises.

Pixel Vault founder and CEO, Sean Gearin, also known as GFunk, launched the company in May 2021. In a statement, he said that at the core of all Pixel Vault projects is community empowerment, decentralized governance, and true digital ownership, with the belief that "The fans are the owners and builders."

Pixel Vault supporters are also members of the token-bearing community. 01 Advisors, or 01A, is led by former Twitter CEO Dick Costolo and former Twitter chief operating officer, Adam Bain. 01A and Velvet Sea Ventures led a US$25 million Series A investment in the Tom Brady Autograph NFT marketplace last summer.

Michael Lazerow, co-founder and managing partner at Velvet Sea Ventures, published a LinkedIn post chronicling the origin story of Pixel Vault and explaining the long-term vision for the start-up.

"Pixel Vault stories and digital ownership stories are intertwined and will be written over the next few years. The best thing about Web3 stories is that now they can engage you. If you're already part of the Pixel Vault community, it's an epic prologue," said Lazerow. as quoted by Cointelegraph

As part of the fundraiser, Lazerow will join Pixel Vault's board of directors alongside GFunk and general counsel Jacob Wittman. Meanwhile Adam Bain of 01A will join the company as an observer and advisor to the board. The only shareholders of Pixel Vault are GFunk, its team, and new investors.

Pixel Vault is one of the leaders in a collaborative project between PUNKS Comic, Bored Ape Yacht Club, GMoney, and Adidas Originals launching in December 2021.