Web3 company and NFT marketplace OneOf has raised over $8 million in new strategic funding.
The company says the round will accelerate the development of what it calls an “environmentally sustainable NFT market”.
OneOf Platform co-founded by tech entrepreneur Lin Dai, digital media executive Joshua Jamesand veteran in the music industry Adam FellIn collaboration with Quincy Jones and Quincy Jones Productions.
In May 2021, OneOf lift up $63 million in a seed round from prominent tech and music industry veterans.
Investors participating in the new round include Amex Ventures, Mirabaud Lifestyle Impact and Innovation Fund, Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund and others.
The new investment brings OneOf’s total funding to more than $72 million raised to date.
Existing investors include VC Bill Tai’s Actai Unicorn Fund, Galaxy Digital, Nima Capital, Sangha Capital, Recharge Capital, Andromeda Capital, Sanctor Capital, Tezos Foundation and others.
Musicians, athletes and brands like Doja Cat, Christopher Wallace EstateWayne Gretzky, Muhammad Ali, Grammy Award, Warner Music Group, iHeart Media, Duke Basketball, Sports Illustrated, Anheuser-Busch and Gatorade have previously partnered with OneOf.
Also announced today (August 1), OneOf will be rolling out a set of NFTs accessible to American Express Card Members as part of an event hosted by American Express.
“We are delighted and humbled by the overwhelming confidence and support from our new and existing investors and partners to continue our mission of bringing 100 million users to the next level. following into the NFT and blockchain space.”
Lin Dai, OneOf
Lin Dai, CEO of OneOf, said: “We are delighted and humbled by the overwhelming confidence and support from our new and existing investors and partners to continue our business. Our mission is to bring the next 100 million users into the NFT and blockchain space.
“As the Web3 market matures and consolidates, we see great opportunities in creating new commerce models that enable creators of all shapes and sizes, from global brands to… greatest demand to the latest indie artists, to unlock the real-world potential of this new technology.”
“More and more creators and consumer brands are experimenting with NFT, leading to the rise of new spending categories, new business ideas, and new membership and loyalty models.”
Margaret Lim, Amex Ventures
Margaret Lim, CEO of Amex Ventures, said: “More and more creators and consumer brands are experimenting with NFT, leading to the rise of new spend categories, new business ideas, loyalty and new membership model.
“We believe the investment in OneOf will help American Express stay abreast of developments in the commerce sector powered by NFT and lead to the development of new customer interaction models for our Card Members. .”Worldwide music business
