Creator of Vine and Loot raises $12 million for NFT-powered sci-fi project

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. 

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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. 

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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.