Thursday, November 4, 2021

Afterparty Snags $3M For NFT Creation Platform

Los Angeles-based Afterparty, which is developing an platform which the company says helps creators launch their own NFTs, says it has raised $3M in a seed funding round. The funding was led by Acrew Capital and TenOneTen Ventures with participation from Palm Tree Crew, Act One Ventures, Hex Capital, Red Light Management, plus angels Dylan & Brandon Lee, Louis Beryl, Dave Bonanno, Craig Clemens, Reade Seiff and Alex Kassan. The company says its tools provide creators with the tools to launch NFTs and gain direct artistic and financial control of their fan relationships. The company's founders include'David Fields, formerly of Disney and head of investments at Michael Eisner’s The Tornante Company, and Dan Rahmel, senior technology executive at Music Audience Exchange, along with Eytan Elbaz, co-founder of Scopely and Social Native, with Robert Graham, creator and Influencer agency founder, serving as head of talent & community.