Non-fungible tokens (NFTs) have been gaining a lot of attention lately and are quickly becoming a disruptive technology in the cryptosphere. NFTs are digital assets that cannot be exchanged one for one. Each NFT has a unique identifier and can be used to represent anything from artwork, to videos, to event tickets, to real-world assets.

Artifact Lab is a Hong Kong-based non-fungible token (NFT) infrastructure developer and it has been raising funds to build a new NFT ecosystem. Their focus is on using NFTs to turn physical objects into digital assets and create new opportunities for digital creators, collectors and brands. On Monday, the company announced that it had successfully closed its first seed round of financing with an investment of US$3.25 million.

Lead investors in the round include Blue Pool Capital, Animoca Ventures and ICHX Tech Fund. Other participants include big name venture capitalists such as NEA and Workplay Ventures. The seed round will enable Artifact Labs to rapidly expand its NFT infrastructure and build a world leading NFT platform.

Through the platform, users can create, collect, and discover digital assets such as 3D assets, digital trackables and collectibles. They can also use the platform to build their own marketplaces and auction houses. The company is currently focusing on pushing the boundaries of what is possible with NFTs, and developing novel applications for the technology. They are doing this by building custom APIs and SDKs that allow developers to easily create new NFT applications.

The team behind Artifact Labs has an impressive pedigree in both the blockchain and non-fungible token field. With the current round of funding, Artifact Labs is looking to further cement their position as the leading NFT platform in the world. With the backing of some of the most prominent venture capital firms in the industry, their mission to bring about the best applications of NFTs to life looks to be within reach. Moreover, Artifact Labs says they are continuing to explore new opportunities to bring more value to their customers.



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