OneOf, a music NFT platform, has raised $63 million in a seed round of funding. The Tezos-based NFT marketplace is due to launch in June.
«OneOf’s platform, built on the @Tezos blockchain, first set of #NFT releases include music by the late Whitney Houston, Doja Cat, Quincy Jones, Jacob Collier and G-Eazy.»
Read the full story in @CoinDesk now. https://t.co/geKghvxSeW@DojaCat @G_Eazy @QuincyDJones @jacobcollier
— OneOf (@OneOfNFT) May 25, 2021
In the round participated environmental activist Bill Tai, Jack Herrick, Suna Said of Nima Capital, Sangha Capital and the Tezos Foundation.
OneOf will use the funds to expand its team, develop marketplace technologies and support independent artists.
Among the platform’s first releases are music by Whitney Houston, John Legend, Doja Cat, Quincy Jones, Jacob Collier and G-Eazy.
OneOf supports sustainable development goals. Lin Dai, the marketplace head, says the platform consumes around two million times less energy to mint an NFT than Ethereum-based rivals.
CryptoTrunks temporarily paused operations to reduce its environmental impact.
Earlier, the American retailer GameStop announced the launch of an NFT platform and a native token.
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