News Report
June 08, 2022

Web3 agency Verse raised $2.4 million to create an NFT platform for artists and crypto newbies

Image by Chil Vera from Pixabay

Verse, a Web3 London-based startup, raised $2.4 million to develop a platform that connects artists and collectors and simplifies buying NFTs. The company’s mission is to help more people get into NFTs and “present the artistic masterpieces of tomorrow.” Verse also aims to assist NFT novices when it comes to buying NFTs and avoiding scams and rug pulls.

In a way, NFTs are a blessing to artists – creators can earn money much easier than ever before and gain more independence. Digital collectibles are complicated for the non-techy and unfamiliar with crypto artists, and usually NFT platforms aren’t friendly to the general public and don’t have an easy way of explaining how artists can mint NFTs.

Verse is experienced in art — its team members have sold artworks by masters such as Picasso, Warhol, and Monet, and for almost a decade, they curated for Tate. One of the team members was a founder of a company that had Christie’s, Gagosian, and Hauser & Wirth as clients.

Business Insider wrote that the platform “wants to make the buying of NFTs as easy a process as shopping on Amazon while attracting artists in search of a reputable digital space where they can sell their work.” The Web3 agency will accept both cryptocurrency and fiat payments for digital assets.

“My mom would not be able to buy an NFT, so we wanted to make something for the moms. We want to empower crypto people who know everything about crypto and also people who are maybe afraid or haven’t yet had a chance to learn everything,” Augustinas Malinauskas, the co-founder and CTO of Verse, told Insider

As written on the company’s official website, Verse pledges to be carbon neutral and has set a plan to achieve zero carbon emissions.

The NFT startup raised seed funds from angel investors, including Paul Forster – founder of Indeed.com, Ben Stephenson – the CEO of Impala, Michael Daffey – the CEO of Galaxy Digital, Jeremy Hindle – co-founder of Integrity, Nick Shekerdemian – founding partner of The Venture Collective, and Venrex VC.

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About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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