Justin Aversano’s Ethereum-based NFT platform Quantum art announced the raise of $7.5 million in a Series A funding round.
Aversano is the creator of the renowned photography NFT initiative Twin Flames and he co-founded Quantum Art along with Alexx Shadow, Kris Graves, and Jonas Lamis.
The funding round was led by Kevin Rose via True ventures, with top NFT influencer Gary Vaynerchuk as well as the NFT-centric Flamingo DAO participating in the same.
“True Ventures is thrilled to lead this investment round in Quantum. We believe that community building tied to curation of diverse artists is a key to unlocking digital culture. We think that the Quantum team has positioned themselves to be a leader in Web3,” stated Kevin Rose.
Art Blocks, a popular Ethereum generative art platform, inspired the development of Quantum Art. Quantum, like Art Blocks, now offers multiple collection tiers through its Curated brands.
The newly raised funds will be used to bring on more creators to the platform and expand their team.
Quantum is now looking to branch out beyond photography into other forms of art, all while maintaining its curated drop aesthetic, with the funds.
“I fully expect this to continue in 2022. As more artists and collectors become aware of the power behind NFTs, and how lives can change for the better,” Aversano noted about the NFT hype seen recently.
Last month Tom Brady’s NFT platform Autograph raised $170M in a Series B funding round. The round was co-led by a16z and Kleiner Perkins, and Autograph will utilize this fund to improve NFT technology to expand the user base.
