Digital & Decentralized Finance, Blockchain Daily News
              



Verisart, The Pioneer of Blockchain Certification For The Visual Arts Raises $2.5 million in Series Seed Funding


Verisart, the pioneer of blockchain-based certification for the arts and collectibles market, has raised $2.5 million in seed financing. The round was led by Galaxy Digital EOS VC Fund with further investment from existing investors Sinai Ventures and Rhodium. The funding will enable Verisart to expand its commercial platform for authentication and further contribute to the art world.



In 2015, Verisart became the first company to apply blockchain technology to the physical art and collectibles market. In recent years, Verisart has since partnered with several art industry stakeholders, including eBay, Art Systems and the Design and Artists Copyright Society (DACS) as well as working with some of the world’s best known artists including Ai Wei Wei and Shepard Fairey to certify their works of art.

In 2018, Verisart won the ‘Hottest Blockchain DApp’ award at The Europas, the European tech startup awards. In 2019, Verisart became the first blockchain certification provider on Shopify. The Verisart Shopify app is now available to over 600,000 stores as an easy way to offer digital certification for limited editions, artworks and collectibles.

Co-Founder and CEO Robert Norton said, “With this new round of funding, we’re able to scale our business and ramp up our partnership integrations. The art world is quickly realizing that blockchain provides a new standard in provenance and record keeping and we’re looking forward to extending these services to the industry.”

The funding will go towards extending the product and engineering team and launching a suite of premium services aimed at artists, galleries and collectors. The company recently appointed Paul Duncan, formerly the founding CTO of Borro, the online lending platform for luxury assets, to lead the engineering team. Further senior management announcements are expected to follow.

Verisart is a founding member of the Arts Innovators Alliance, an alliance of forward-thinking art businesses committed to advancing the art industry through innovation and technology.

About Verisart
Verisart is the world’s leading platform to certify and verify artworks and collectibles using blockchain technology. Verisart provides a decentralized title registry combining security, transparency and anonymity to increase trust and liquidity in the art market. The company binds museum grade certification standards, distributed ledger technology and image recognition under one platform and is used by prominent artists, galleries, museums and auction houses. www.verisart.com

About Galaxy EOS VC Fund
The $325mm Galaxy EOS VC Fund (the “Fund”) is a partnership between Galaxy Digital, a leading blockchain focused merchant bank, and Block.one, the publisher of EOSIO, a next-generation, open source blockchain protocol designed to be adapted and utilized to create a more secure and transparent digital infrastructure. The Fund invests broadly across the interactive entertainment landscape in order to drive mass adoption of blockchain technology globally and to build out the EOSIO ecosystem.

About Sinai Ventures
Sinai Ventures invests in software and technology companies at all stages. Within its three years of operation, the firm has become one of the most active VCs in the United States.

About Rhodium
Rhodium is a private investing firm, focusing on high growth cutting-edge opportunities in the fields of Digital Media, Internet, Mobile and new technologies in general. Our mission is to identify the most promising entrepreneurs and help them to build thriving disruptive, world-changing companies. Rhodium supports entrepreneurs and strengthens their ventures with its resources: funding, broad management expertise and an extensive valuable network of business contacts around the globe. Rhodium strategically invests in a handful of promising companies each year in order to be actively involved in creating the optimal environment for them to successfully transform into world-class business ventures. Rhodium is partnering with talented entrepreneurs to turn their ideas into industry-leading companies that will impact our world. Rhodium's Investment Portfolio includes Yotpo, Outbrain, Yieldmo, IMGN Media, etc.

Finyear & Chaineum

Lisez gratuitement le quotidien Finyear & sa newsletter quotidienne.
Recevez chaque matin par mail la newsletter Finyear, une sélection quotidienne des meilleures infos et expertises en finance digitale, corporate finance & crypto finance.

Read for free The daily newspaper Finyear & its daily newsletter.
Receive the Finyear's newsletter every morning by email, a daily snapshot of the best news and expertise in digital finance, corporate finance & crypto finance.

------------------------

Chaineum :
Fondée en 2015, Chaineum est un cabinet de conseil en opérations de haut de bilan offrant une expertise de premier plan en matière d’ICO et STO, avec une vision stratégique orientée tant vers le métier de ses clients que sur la technologie blockchain. A ce titre, Chaineum a participé à la mise en œuvre de bonnes pratiques dans le secteur (ICO Charter, Security Token Network).
La division services blockchain de Chaineum, développe la technologie Chaineum Segment, une blockchain privée orientée objets.

About Chaineum:
Founded in 2015, Chaineum is a leading corporate finance advisory firm with a strong expertise in ICO and STO, and a strategic focus on both its clients' business and blockchain technology. As such, Chaineum paved the way in the implementation of certain best practices in this sector (ICO Charter, Security Token Network).
Chaineum's blockchain services division, is developing Chaineum Segment technology, an object-oriented private blockchain.

-------------------------

No Offer, Solicitation, Investment Advice, or Recommendations

This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by FINYEAR.
No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security.
Nothing on this website shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction.
Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this website, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor.
This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed on this website by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change.
All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.


Vendredi 4 Octobre 2019
Notez


Nouveau commentaire :
Twitter

Your email address will not be published. Required fields are marked *
Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *

Finyear: latest news, derniers articles

Free Daily Newsletter / Newsletter quotidienne gratuite


Cryptocurrencies


Finyear - Daily News