Business News Report
August 09, 2023

Generative Art Platform Fxhash Raises $5M in a Round Led by 1kx

In Brief

fxhash, a generative art platform and marketplace, has raised $5 million in a seed round led by 1kx.

Fxhash, incepted in 2021, is the first-ever open and freely available generative art platform. The startup’s goal is to allow users to artistically express themselves using code. 

fxhash, a generative art platform and marketplace, has raised $5 million in a seed round led by 1kx. Among the other participants were Fabric Ventures, Bright Opportunities DAO, Union Square Ventures, Tezos Foundation, Tane Labs, Daedalus, Everyrealm, PunkDAO, KRPDM, and several angel investors, including generative artist Casey Reas, Thefunnguys, Lemonde2d, and Gus Lee.

Generative Art Platform Fxhash Raises $5M in a Round Led by 1kx

1kx is an early-stage crypto-focused Venture capital firm that specializes in ecosystem growth. The organization has previously invested in Gnosis, Hydra Ventures, Sandbox, POAP, and other noted startups. 

Fxhash will use the funds to expand to Ethereum and become a multi-chain generative art platform that gives artists the possibility to mint on Tezos or Ethereum. The company will hire additional developers to complement recent product manager, event lead, and UI/UX design hires. 

“Generative art is the art movement of our era. This funding and validation from our investors allow us to truly build out the vision that has united the team since our earliest days. We can now think bigger, long-term, with additional resources to empower artists and collectors through peerless tools for creating and distributing generative art,” said the founder of fxhash, Baptiste Crespy.

Fxhash, incepted in 2021, is the first-ever open and freely available generative art platform. The startup’s goal is to allow users to artistically express themselves using code. In addition, fxhash aims to enable creators to showcase their code-based art and make a living from it. 

In June of this year, the startup announced its multi-chain feature, fxhash 2.0. The tool allows users to choose between Tezos and Ethereum. In addition, it gives individuals the freedom to mint for both and use the chain best suited to their needs. Notably, for the creators, the minting flow feels the same. 

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About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

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