Famous macro investor Raoul Pal announced he co-founded a new token venture asset Web3 firm titled ‘Science Magic.Studios.’
Raoul Pal is the co-founder and CEO of the Real Vision Group, a financial media platform aimed at democratizing financial research.
He is also the publisher of the Global Macro Investor, and the co-founder of Exponential Age Asset Management.
Pal’s new firm’s goal is to tokenize the world’s largest cultural communities like music, fashion, movies/book/TV franchises, and sports by using “NFTs, social tokens, and metaverse to build community, utility, and experience.”
Liberty City Ventures, Coinbase Ventures, DCG, and Brevan Howard Digital are the investors in Raoul Pal’s breakthrough Web3 firm.
Aside from Raoul Pal, Delphi Digital co-founder Kevin Kelly, and former Guardian Media Group CEO David Pemsel are the other co-founders of ScienceMagic.Studios.
Last month, ScienceMagic.Studios, raised $10 million in pre-seed funding with investments from Coinbase Ventures, Digital Currency Group, Heni, Brevan Howard Digital, Liberty City Ventures, ThirdPrime, Cultur3, RealVision, and Heni.
The angel investors in the pre-seed round comprised Noam Gottesman, Frederic Court, Gil Weisblum, and the Khalili brothers.
Raoul Pal believes that Science Magic.Studios is one of the biggest opportunities which will aid big brands to move into Web3 in the right way, “creatively but cautiously and meticulously.”
Apparently, the Science Studios team is already in contact with some popular people and brands to assist them to utilize Web3 technologies like NFTs and social tokens to enhance communication with fans and communities.
Raoul added, “More announcements to come from this soon! We have seen huge interest from family offices and institutions who need an easy market access product.”
Subscribe to The Crypto Times for more Crypto Market News!!
