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


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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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Agne Cimermanaite

Agne is a journalist and writer with a background in literature, culture, and arts. She entered the Web3 space in 2021 and began writing about cryptocurrency and NFTs. Agne is passionate about technology and storytelling and is always on the lookout for exciting stories.

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