DNABlock Raises $7 Million in Second Seed Round


DNABlock Inc. closed its second seed round of funding March 1 for technology to be deployed on Web3, a blockchain-based iteration of the world wide web.

The Manchester Square-based company raised $7 million from a diverse group of investors, including blockchain-focused investment firms Sfermion and Solana Ventures, as well as SoftBank Group’s minority startup-focused SB Opportunity Fund, cryptocurrency fund management firm LD Capital and more.

In a press release, the company said that it will use the funds to further scale Replikant, a flagship technology described as an “end-to-end, 3D, virtual production tool” that empowers creators to build, perform and publish content. Replikant provides customizable 3D avatars and real-time animation tools that require no prior knowledge of 3D programming to operate. The company also announced plans to expand its leadership team and to operate an L.A.-based creator studio to launch new non-fungible token (NFT) talent.

“The next great franchise isn’t going to come from the top-down, fully formed and with fixed narratives,” DNABlock co-founder and Chief Executive Anthony Kelani said in a statement. “It’s going to come from the bottom-up with stories that NFT communities write for themselves. I’m particularly excited that this will surface a new generation of stars from a much more diverse roster of creatives than we’ve seen from legacy media.”


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Todd Gilchrist
Todd Gilchrist is a Los Angeles-based reporter and film critic with 20+ years of experience at dozens of print and online outlets, including Variety, The Hollywood Reporter, Entertainment Weekly and Fangoria. An obsessive soundtrack collector, sneaker aficionado and member of the Los Angeles Film Critics Association, Todd currently lives in Silverlake, California with his amazing wife Julie, two cats Beatrix and Biscuit, and several thousand books, vinyl records and Blu-rays.

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