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CDS Startups Alchemy Ventures Backs $4M Round for NFT Platform Vibe

Startups

Alchemy Ventures Backs $4M Round for NFT Platform Vibe

Vibe, a San Francisco-based platform that enables creatives to enhance the value of their non-fungible tokens (NFTs), has raised $4 million in a seed round.

Aziz KARTAL05/05/20231 Mins read521

Alchemy Ventures Backs $4M Round for NFT Platform Vibe

Vibe, a San Francisco-based platform that enables creatives to enhance the value of their non-fungible tokens (NFTs), has raised $4 million in a seed round. Among the investors were Aglaé Ventures, Psy’s music label P Nation, and the venture capital arm of Web3 infrastructure firm Alchemy.

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The no-code NFT-to-product toolset enables users to personalize and manage their tokens, using features such as ticketing, loyalty points, and physical redemptions. Vibe NFTs can be deployed on any chain and bridged to any other chain.

The aim is to boost NFT value by augmenting tokens with practical applications and products, making them more programmable and dynamic. Vibe’s CEO, Rachel Chu, hopes to provide creatives with a straightforward method for curating and customizing their collections.

About Vibe

Vibe is a non-fungible token (NFT) platform that provides a no-code NFT-to-product toolset, enabling creators to add practical applications and value to their tokens.

The San Francisco-based platform offers customizable tools that allow users to personalize and manage their tokens, embedding features such as ticketing, loyalty points, and physical redemptions. Vibe NFTs can be deployed on any chain and bridged to any other chain, making them more dynamic and programmable. The platform’s aim is to enhance NFT value by creating practical products and applications from the tokens.

About Alchemy Ventures

Alchemy Ventures invests in teams building revolutionary products for the web3 ecosystem.

At Alchemy, their mission is to provide developers with the fundamental building blocks they need to create the future of technology. Through Alchemy Ventures, they’ll be accelerating this mission by dedicating financing and resources to the most promising teams growing the Web3 ecosystem.

They’ve helped countless companies from day 1 turn into some of the most used applications in the space, and as a result, have incredible insight into the things that are most helpful for early-stage companies.

Their focus will be simple, to help ensure their portfolio companies and partners become massively successful.

To access more startup articles: cryptodataspace.com

Sources:CoinDesk

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Aziz KARTAL

Aziz Kartal is 21 years old. He is a student at the Gazi University, Department of Electrical and Electronical Engineering. He works as content writer, researcher and social media manager. He generally research about Web3, Blockchain Security and Cybersecurity.

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