Pixel Vault, a decentralized crypto media group, announced Thursday that it raised $100 million in funding from the venture capital firms Velvet Sea Ventures and 01A.
Pixel Vault intends to use the funding to help launch a multi-franchise non-fungible token platform for individuals to own digital content in movies, television, comics, video games and other media.
Pixel Vault is the creator of PUNKS Comics, an NFT project in which token holders receive access to a web comic. The PUNKS Comic Issue #1 involved the fictionalized life of the crypto influencer Beanie while Issue #2, spurred from a collaboration with the popular NFT project Bored Ape Yacht Club, features eight Elite Apes fighting a bad guy to win a bounty.
Since releasing its tokenized comics in May of 2021, Pixel Vault has raised over 100,000 ETH in sales, according to a press release.
Pixel Vault also has partnerships with Fractional.art, a platform that breaks down expensive NFTs into affordable sub-tokens, as well as the sportswear brand Adidas Originals.