NFT-focused web comic creator Pixel Vault raises $100 million in funding

NFTs • February 2, 2022, 2:45PM EST
The Block

Pixel Vault, a decentralized crypto media group, announced Thursday that it raised $100 million in funding from the venture capital firms Velvet Sea Ventures and 01A. 

Pixel Vault intends to use the funding to help launch a multi-franchise non-fungible token platform for individuals to own digital content in movies, television, comics, video games and other media. 

PUNKS Comic Issue #1 from Pixel Vault.

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Pixel Vault is the creator of PUNKS Comics, an NFT project in which token holders receive access to a web comic. The PUNKS Comic Issue #1 involved the fictionalized life of the crypto influencer Beanie while Issue #2, spurred from a collaboration with the popular NFT project Bored Ape Yacht Club, features eight Elite Apes fighting a bad guy to win a bounty. 

Since releasing its tokenized comics in May of 2021, Pixel Vault has raised over 100,000 ETH in sales, according to a press release. 

Pixel Vault also has partnerships with Fractional.art, a platform that breaks down expensive NFTs into affordable sub-tokens, as well as the sportswear brand Adidas Originals.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.