Dom Hofmann, the co-founder of the now-defunct short-form video platform Vine and creator of the non-fungible token (NFT) project Loot, has a new venture — Blitmap, a decentralized science fiction project where the community guides the story.
Paradigm led a $12 million seed funding round for Sup, a parent firm that’s building out Blitmap. Through the funding, Blitmap intends to scale as well as develop other projects and universes, according to a tweet from Sup.
Blitmap is an Ethereum-based NFT project in which users who own a Blitmap NFT can collectively decide key features of the story’s universe, such as who the enemies are. The community also guides decisions surrounding merch, with the possibility of potential play-to-earn features. As of publication, the floor price for a Blitmap NFT is 9.37 ETH (about $30,000 USD).
Paradigm launched a $2.5 billion venture fund last November, as previously reported.
Trending Stories
- Coinsmart. Europe’s Best Bitcoin and Crypto Exchange.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. FREE ACCESS.
- CryptoHawk. Altcoin Radar. Free Trial.
- Source: https://www.theblockcrypto.com/linked/133849/creator-of-vine-and-loot-raises-12-million-for-nft-powered-sci-fi-project?utm_source=rss&utm_medium=rss
- 000
- 9
- About
- According
- Advertisement
- articles
- Billion
- Building
- Co-founder
- community
- creator
- decentralized
- develop
- ETH
- Features
- Fiction
- Firm
- fund
- funding
- Funding Round
- Guides
- HTTPS
- Key
- Led
- million
- NFT
- non-fungible token
- Other
- platform
- price
- project
- projects
- raises
- round
- Scale
- Science
- Science Fiction
- seed
- Seed funding
- Sponsored
- Stories
- Story
- Through
- token
- trending
- USD
- users
- venture
- VENTURE FUND
- Video
- vine
- WHO