NFT platform raises $30 million from Coinbase, Eminem and others.

MakersPlace has attracted interest from a range of investors after facilitating the sale of Beeple’s record-breaking $69 million NFT art piece.

NFT platform MakersPlace yesterday announced the completion of its Series A round, led by Pantera Capital and Bessemer Venture Partners, in which it raised $30 million. The round also saw participation from Coinbase Ventures, 9Yards Capital, Uncork Capital, Sony Music Entertainment and Draper Dragon Digital Assets.

MakersPlace was founded in 2018 to provide a marketplace for digital creators where their work would not be undervalued, misappropriated or stolen. Blockchain and non-fungible token (NFT) technologies have provided the perfect solution to these problems.

Creators can sign and issue their works on the blockchain, making their authenticity digitally verifiable. Collectors can display their purchases, as well as resell them on digital asset exchanges.

Through its partnership with Beeple and auction house Christie’s, MakersPlace enabled the sale of Beeple’s famous $69 million work, which broke all price records for NFT sales.

The platform supports thousands of digital artists from around the world and has seen tremendous growth this year, with ten times the number of collectors and transactions worth over $100 million.

The Series A funding round was also supported by well-known strategic investors in other sectors. These include technology entrepreneurs Tobias Lütke and Vinny Lingham, U.S. soccer player Larry Fitzgerald, musicians Eminem and 3LAU, and art world heavyweights Bill Ruprecht and Acquavella Galleries.

It’s perhaps not surprising that MakersPlace has garnered so much investor interest, given the dramatic boom in NFT popularity in recent months. According to Reuters2.5 billion in NFT sales in the first half of 2021 alone, an incredible 18,150% increase over NFT sales volume in the first half of 2020.

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Many other NFT platforms have received investment thanks to the boom. SuperRare raised $9 million in its Series A round in March, Nifty raised $10 million in its round in July, and OpenSea recently raised another $100 million in its Series B round, whichThe company has a valuation of $1.5 billion.

MakersPlace will use the new funding to provide better tools and services to its digital creators as part of its mission to bring NFT and digital art to a wider audience.