CXIP Labs Raises $6.5M in Seed Funding
Angeles, CA-based technology company behind the omnichain NFT interoperability protocol,raised $6.5M in Seed financing.
The round was co-led by Courtside Ventures and Wave Financial, with participation from Vaynerfund, Diplo, Gmoney, Nadya from Pussy Riot, Justin Aversano, Arca NFT Fund, Infinity Ventures Crypto, Kenetic Capital, Mirana Ventures, Company Ventures, Avalaunch, Soma Capital, Kosmos VC, Palm Drive Capital, and several other strategic angels.
The company intends to use the funds to roll out Holograph, a new suite of NFT products for creators, developers, and enterprises.
Founded by intellectual property lawyer Jeff Gluck, Jeremy Kerbel, and artist Daniel Arsham, CXIP Labs develops NFT infrastructure solutions for the web3 ecosystem. The company’s suite of products include:
- Bridge, a first of its kind cross-chain NFT bridge using CXIP’s patented ‘holographic bridging’ technology, enabling NFTs to move between EVM blockchains with complete data integrity;
- Core, an omnichain NFT minting and bridging API for developers; and
- Mint, a no-code NFT minting interface for creators.
CXIP Labs has also added several new members to their advisory board, including Pharrell Williams and musician Joe Jonas. They join Jen Stark, Lucien Smith, and Wendy Fisher, President of the Guggenheim Foundation, in supporting CXIP Labs’ continued growth.
The protocol has already been used to create thousands of NFTs, including for Sothebys, Phillips, Nifty Gateway, the AmFAR Gala, the Academy Awards Museum, and more.