The San Francisco-based NFT marketplace, Makersplace, announced it secured $30 million in a funding round.
According to Venture Beat, the firm became famous when Beeple auctioned a work of art on MakersPlace for $69.3 million in March. MakersPlace hosted Christie’s artwork. As a result, Beeple artwork is one of the most expensive NFTs in the industry as it was sold for $69 million.
MakersPlace aims to allow a vibrant future for digital creativity. In addition, the firm will use the funds to get extra talent and scale the business in existing markets while searching for new ones.
The NFT marketplace for digital art has made over $100 million in sales last year. Also, it has seen an increase in unique collectors.
Pantera Capital and Bessemer Venture Partners led the session. Also, MakersPlace noted that the funding round included participation from Coinbase Ventures, Draper Dragon Digital Assets, Uncork Capital, 9Yards Capital, Next Play Ventures, and Sony Music Entertainment.
Founded in 2018, Makersplace is the NFT marketplace that accepts cryptos like ETH and U.S. dollars.