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OneOf Raises A Further $8M In A New Strategic Funding Round With Participation From American Express

OneOf has announced the closing over $8M in a strategic round to accelerate its development. This takes the total raised in two funding rounds to over $71m, with at least 17 different investors.
Backers in this latest round include Amex Ventures, Mirabaud Lifestyle Impact and Innovation Fund, Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund, and others.

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OneOf Raises A Further $8m In New Strategic Funding Round

OneOf has announced the closing over $8M in a new strategic funding round to accelerate its development. This takes the total raised in two funding rounds to over $71m, with at least 17 different investors.

In a previous round the Tezos Foundation also featured as an investor in the company.

OneOf is a green NFT platform for music, sports, and lifestyle, which utilizes the Tezos and Polygon blockchains.

Backers in this latest round include Amex Ventures, Mirabaud Lifestyle Impact and Innovation Fund, Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund and others.

Amex Ventures is American Express’s strategic investment group. They invest in innovative startups in order to enhance American Express’s core capabilities and accelerate the company’s efforts in consumer commerce and B2B services.

American Express is a corporation specialized in payment card services, it has a market cap of over $114.9B and employs over 64,000 people.

OneOf is launching a set of NFTs accessible to American Express Card Members as part of an event hosted by American Express.

From July 29 until August 21, American Express will hold an exclusive pop-up event inspired by color theory and therapy for its Card Members: The American Express Summer in Color Oasis, at Lucca Beach inside the Mandarin Oriental in Bodrum, Turkey.

Throughout the three-week activation, OneOf will offer American Express Card Members attending the experience a complimentary NFT collectible designed by renowned Turkish artist Selay Karasu, whose works have previously been featured at Burning Man, MOMA NYC (Museum of Modern Art), Art Basel and CERN Particle Physics Laboratory.

Lin Dai, CEO of OneOf said:

“We are excited and humbled by the belief and overwhelming support from our new and existing investors and partners to continue executing towards our mission of bringing the next 100M users into the NFT and blockchain space.

As the Web3 market matures and consolidates, we see great opportunities in creating new commerce models, enabling creators of all shapes and sizes, from the biggest global brands to the newest independent artists, to unlock the real world potentials of this new technology.”

Margaret Lim, Managing Director of Amex Ventures added:

“A growing number of creators and consumer brands are experimenting with NFTs leading to the rise of a new spend category, new business ideas and new loyalty and membership models.

We believe that the investment in OneOf will help American Express stay close to the developments in NFT-powered commerce and lead to the development of new customer engagement models for our Card Members.”

Disclaimer

Not Financial Advice: No content on this website constitutes investment, financial, legal, or tax advice. Users should not construe any such information as a recommendation to buy, sell, or hold any investment or security or to pursue any particular investment strategy.

Read our full disclaimer here.

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