In Brief:
- Jambb has raised $3.5 million to develop a NFT marketplace focusing on comedians.
- This will help comedians to recover from financial difficulties caused by the pandemic.
- Jambb’s NFT pack will be available comprising an assortment of jokes, bits, sets, or memorabilia in varying tiers of rarity.
Jambb is turning LOL (laughs) into NFTs (non-fungible tokens).
The comedy collectibles startup, Jambb, has raised $3.5 million to develop an NFT marketplace focusing on comedians on the Flow blockchain.
Jambb plans to put video highlights from stand-up sets by comedians such as Buress, Maria Bamford, and more to be placed on the Flow blockchain. Jambb’s NFTs will be available on a standalone basis, or as part of a pack comprising an assortment of jokes, bits, sets, or memorabilia in varying tiers of rarity.
As part of the funding round, Arrington Capital and Animoca Brands led the round, it also included investments from Flow developer Dapper Labs, ParaFi Capital, LD Capital, Signum Capital, NextView Ventures, Ascensive Assets, and Waterdrip Capital.
The Jambb marketplace will feature videos of jokes, sets, and memorabilia from a variety of comedians. The Boston-based startup plans to emulate Dapper Labs’ NBA Top Shot in offering video-based collectible packs.
Jambb believes that it can help comedians recover from financial difficulties caused by the pandemic, it also will pave the way for comedians to connect more personally with their fans.
CEO of Jambb said, “Several comedians referenced being on stage 200 times the year before and zero times last year. When we produced Non-Fungible Jokin’ in July, the majority of performers said that was their first time in front of a live audience in over a year. We see Jambb as an opportunity to help comedians create new value from the content they have produced while growing their communities.”
