NFT Platform Vibe Raises $4m in Series Funding

Vibe, a San Francisco-based cutting-edge NFT platform, has successfully raised $4 million in a seed funding round. The digital asset platform will put the funds to good use, providing tools that empower creatives to manage and customize non-fungible collectibles, and to increase its real-world and digital utility. 

Renowned investors with the utmost faith in the company include the Web3 infrastructure giant and venture capital firm, Alchemy Ventures, with support from Aglaé Ventures, and K-Pop artist Psy’s music label P Nation, among others. The range of backers proves the widespread belief in Vibe’s abilities to transform the NFT realm and reshape how individuals perceive and use digital collectibles. 

🧵1/10 Today we unveil https://t.co/emVPmdQMjP, the platform taking NFTs from pictures to products.

1. Shifting Focus Back to Creating
2. $4 Million Fundraise
3. Vibelisting Genesis NFT on @arbitrum

Let’s Vibe 👇https://t.co/U8X3U2t6SJ

— Vibe Labs 🤙 We’re hiring! (@vibexyz_) May 4, 2023

Vibe NFT Platform to Bring Dynamic, Customizable Utility to NFTs

Vibe believes that the value of NFTs lies in their programmability and dynamism so that creators can incorporate state-of-the-art features into their collections. Hence, the creation of more intensive tools for customizing and curating NFTs. The embeddable features that it will put in place include ticketing, loyalty points, and the opportunity to open physical redemptions, with all NFTs being deployable and bridgeable on all chains. 

“Actual worth for NFTs will come from the dynamism and programmability the place creators can add distinctive options to their collections. Till now, they haven’t had a complete device to curate and customize their collections,” said Vibe Founder and CEO, Rachel Chu, in a recent announcement. “Our aim is to simplify your complete course of, and we’re assured in our mission of taking NFTs from photos to merchandise.”

Once the NFT platform streamlines the entire process, with a clear objective to transform the digital assets from mere images into “actual products”, the project hopes to capitalize on the growing market of NFTs. As more people become aware of their unique properties and value proposition, it is likely that we will see even more innovative use cases for these digital assets in the future.

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.