The Seed Round
Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments.
Founded in 2021, Fxhash has emerged as the premier open and freely accessible platform for generative art. The core mission of the startup revolves around enabling users to harness the power of coding to create unique artistic expressions. Furthermore, Fxhash is committed to providing creators with a vibrant platform where they can monetize their code-based artworks.
Key Investors and Their Roles
The seed round saw a diverse group of participants, ranging from venture firms to notable angel investors. Joining 1kx were Fabric Ventures, Bright Opportunities DAO, Union Square Ventures, Tezos Foundation, Tane Labs, Daedalus, Everyrealm, PunkDAO, and KRPDM. Additionally, the angel investor list boasted names like generative artist Casey Reas, Thefunnguys, Lemonde2d, and Gus Lee.
In a series of tweets, the company expressed gratitude towards its investors, emphasizing that many of them started as Fxhash art collectors, thereby highlighting the community’s intrinsic role in shaping the platform.
“Generative art is the art movement of our era. This funding and validation from our investors allow us to truly build out the vision that has united the team since our earliest days. We can now think bigger, long-term, with additional resources to empower artists and collectors through peerless tools for creating and distributing generative art”
Baptiste Crespy – Founder of Fxhash
Looking Forward: Expansion and Growth
The fresh capital infusion will primarily be channeled towards expanding Fxhash’s offerings to Ethereum, transforming it into a multi-chain generative art platform. This will provide artists with the flexibility to mint their artworks on either Tezos or Ethereum.
To expedite its expansion and enhance the platform’s features, Fxhash has already onboarded new team members, including a product manager, event lead, and UI/UX design experts.
The Fxhash 2.0 Evolution
Earlier in June, Fxhash teased its community about the imminent launch of its multi-chain feature, dubbed “Fxhash 2.0”. This innovative tool promises users the autonomy to choose between Tezos and Ethereum, providing a seamless minting experience across both chains.
Fxhash has consistently prioritized its community’s needs, as evidenced by its decision to integrate Ethereum based on user feedback. The company views itself as a bridge, seamlessly connecting diverse chains and fostering a holistic environment for generative art enthusiasts.
The Road Ahead
With its forthcoming Fxhash 2.0 launch set for Fall/Winter 2023 and strong financial backing, the future looks bright for this generative art trailblazer born on Tezos.
Related Posts
Splint Invest Integrates Tezos Blockchain to Expand Alternative Investments
Splint Invest, a cutting-edge alternative investment platform crafted in Switzerland, has integrated with the Tezos blockchain, further cementing its commitment to providing decentralized finance (DeFi) opportunities to its users.
Oxford: Tezos’ 15th protocol upgrade, introduced collaboratively by seven development teams, focuses on issuance and new staking mechanics
Following the successful activation of the Nairobi protocol on June 24, seven teams — Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori — have collaboratively unveiled the latest protocol proposal for Tezos, named ‘Oxford’.
Generative Art Platform Fxhash Secures $5M in Seed Funding Round Led by 1kx
The Seed Round Fxhash, the groundbreaking generative art platform and marketplace, has successfully closed an oversubscribed $5 million seed fundraising round. Spearheading this investment initiative was 1kx, an early-stage crypto-focused venture capital firm renowned for its strategic ecosystem growth investments. Founded in 2021, Fxhash has emerged as the…
fx(hash) – Art Is Evolving – An NFT Platform That Enables You To Launch A Generative Art Series On Tezos
fx(hash) simplifies the launch of a generative NFT series on Tezos. Creating a generative art series on blockchain always takes some coding knowledge though.
fx(hash) is a platform that allows users to create a generative art series using html/css/javascript.
Generative Art Masterpieces From World-Leading NFT Artists Are Set to Illuminate Art Basel Hong Kong 2022
TZ APAC, the leading Asia-based blockchain adoption entity for the Tezos ecosystem, is presenting an NFT and generative art exhibition featuring over 20 generative and NFT artists from across the globe at Art Basel Hong Kong 2022.
Running from May 27 to 29, ‘NFTs + The Ever-Evolving World of Art’ marks the very first Tezos exhibition at Art Basel Hong Kong and will be hosted in a dedicated 250m2 exhibition space.
Upload Article
Complete the submission form, which includes fields for your name, contact information, a short author bio, and the title of your article. Submit your Word document as a word doc file. If you encounter any issues during the submission process, please contact our support team for assistance at [email protected]. We encourage all aspiring contributors to read and understand our submission guidelines and editorial policy before submitting.
Other News
View More
Blueshift Unveils Online Space for Environmental Digital Art
Blueshift announces the launch of the world’s first curated online platform for environmental digital art. Founded by Diane Drubay, Blueshift features exhibitions like Newroots – The Antropophytomorphic Age and offers the largest collection of environmental digital art, available as NFTs. These NFTs are available on Tezos platforms such as Teia Community, objkt.com, and fx_hash, as well as on the Ethereum-based Expanded Art platform.
Museum of the Moving Image announces major yearlong partnership with the Tezos Foundation
The partnership offers a unique opportunity for artists working with digital tools to exhibit their work and visitors the ability to mint and take home a fragment of the artwork for free
UNHCR’s “Nowhere To Run” Gets Boost from Fundraising Sale, Supported by Tezos Foundation, Objkt, and ArtMeta
Switzerland for UNHCR , Objkt, the Tezos Foundation, The Collectors Club and ArtMeta announce a collaborative fundraising project to celebrate digital art for good, bringing together ten visionary artists who will donate sales proceeds to the UNHCR Climate Resilience Fund.