Artemis Raises US$2 Million to Reinvent the NFT Experience
Artemis is excited to announce the successful completion of its private funding round, raising US$2 million to build the world’s first decentralized mobile-focused social NFT platform starting on the Solana blockchain. The funding round was led by Alameda Research, Blue Pool Capital, Animoca Brands, Mirana Ventures and Moonvault Partners.
The current NFT market lacks a compelling user experience. Most Web3.0 applications including marketplaces are desktop-bound, limiting user accessibility and user time spent. Social features are also split across multiple third-party social platforms with an absence of end-to-end experience from exploring, interacting, purchasing and sharing NFTs. In addition, current NFT market lacks personalization, where user experience is not tailored to individual user, leading to an inability to optimize sales channels for creators or projects to reach their target audience.
Artemis is reinventing the way we interact with NFTs by building the world’s first decentralized mobile-focused social NFT platform. It will be a mobile-focused experience with its very own in-app social community, allowing users to discuss, share and showcase their NFTs with friends and creators anytime and anywhere. Artemis is also personalizing user experience through data collected from both onchain data as well as interactions within our platform, increasing the value proposition to users, creators and projects. Additionally, we aim to utilize NFT technology to provide real world businesses with provenance, scaling and supply chain efficiency solutions, leading the charge towards boosting mainstream adoption of blockchain technology.
Artemis will be using the funds raised to continue developing the platform and onboard exclusive NFT content. We would also like to thank investors and advisors of Artemis for their continued support in our journey to reinvent the NFT experience.
Investor Overview
Alameda Research
Alameda Research (“Alameda”) is a quantitative cryptocurrency trading firm and liquidity provider. Alameda manages over $1 billion in digital assets and trade $1–10 billion per day across thousands of products: all major coins and altcoins, as well as their derivatives. Its deep crypto and financial expertise enables it to assist projects ranging from seed stage to growth stage with solutions ranging from tokenomic design, governance, token liquidity to operation, legal and audit.
Blue Pool Capital
Blue Pool Capital (“Blue Pool”) is a multi-strategy investment firm based in Hong Kong. It manages the assets of Joe Tsai, the firm’s senior management members, and a close-knit group of other long-term investors. The firm has multi-billion dollars of assets under management, and it invests globally in all major asset classes including venture capital, cryptocurrencies, public and private equity, and real estate. Its current portfolio includes investments in various global business sectors such as technology, media, sports, consumer products, industrials, and financial services.
Animoca Brands
Animoca Brands, ranked in the Financial Times list of High Growth Companies Asia-Pacific 2021, is a leader in digital entertainment, blockchain, and gamification that is driving digital property rights via NFTs and gaming to help build the open metaverse. It develops and publishes a broad portfolio of products including the REVV token and SAND token; original games including The Sandbox, Crazy Kings, and Crazy Defense Heroes; and products utilizing hundreds of popular intellectual properties including Formula 1®, Disney, WWE, Power Rangers, MotoGP™, and Doraemon. The company has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Bondly, and Lympo. Animoca Brands has a growing portfolio of more than 100 investments in NFT-related companies and decentralized projects that are contributing to building the open metaverse, including Axie Infinity, OpenSea, Dapper Labs (NBA Top Shot), Bitski, Harmony, Alien Worlds, Star Atlas, and others.
Mirana Ventures
Mirana Ventures (“Mirana”) invests in crypto companies with strategic relevance to Bybit and BitDAO and adopt a longer-term investment horizon. Mirana is biased towards projects with innovative business models and technology differentiation that are championed by founders with grit and discipline. Mirana leads deals and do follow-ons for projects from early to growth stage, and are flexible with asset types and geographies.
Moonvault Partners
Moonvault Partners (“Moonvault”) is a digital asset investment firm. Moonvault invests in blockchain projects through Moonvault Capital, a DeFi-focused digital asset platform focusing on fundamental value as well as arbitrage across the DeFi stack. In addition, Moonvault partners with companies to execute leading blockchain strategies and projects.
Make sure to follow official Artemis Market website and accounts below for updates.
Website: https://www.artemismarket.io/
Twitter: https://twitter.com/Artemis_Market
