Other investors participating in the round included A195 Capital, LongHash Ventures, Moonwhale Ventures, and Rich Battista, former chief executive of Time Inc. and a former executive at Fox Entertainment.
Curio plans to use the funding to expand its team, and further develop its system to enable fans to engage with content and entertainment brands.
Curio’s platform allows individuals to create, own, share and trade digital collectibles from TV shows, graphic novels, movies, and music. The content can take the form of character motion art, video clips and 3D models.
Individuals can purchase limited edition or exclusive digital content through Non-Fungible Tokens, otherwise known as NFTs. The platform is built on an Ethereum blockchain, making these NFTs authentic and verifiable.
“Curio is on a mission to usher in the future of fandom, providing deeper emotional connections with their biggest fans,” said Juan M. Hernandez, chief executive of Curio. “The modern fan expects to be able to do more with the things they love. We enable engaged digital natives to own a piece of the action wherever they go, in a manner that is certified and authentic.”
The company will further its advances with Filecoin and Polygon, formally known as Matic, to help advance the functionality of its platform for entertainment brands interested in creating non-fungible tokens.
Curio recently collaborated with Fremantle, which created digital collectibles for fans of the show “American Gods,” which runs on Starz and Amazon Prime.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- LA Companies Hop Aboard NFT Bandwagon
- Blok Sports App to Allow Betting Among Friends
- Maestro Raises $15 Million for Video Streaming Platform
- CreatorPlus Launches Film Studio for Influencers
- Community Lands $40 Million Investment
- Pex Raises $57 Million for Digital Attribution Engine
- Powered Brands Gets Off to Strong Start With $276 Million IPO
- LA Companies Play Leading Role in Rising AR, VR Industry