- CXIP Labs has announced a $6.5 million Series Seed financing round.
- It will also roll out Holograph, a new suite of NFT products.
- The project has been receiving tremendous support from investors.
CXIP Labs has announced a $6.5 million Series Seed financing round co-led by Courtside Ventures and Wave Financial. Also, with this new round of funding, CXIP Labs will roll out Holograph, a new suite of NFT products for creators, developers, and enterprises.
CXIP Labs is the company behind the innovative omnichain NFT interoperability protocol. Notably CXIP Labs has members such as singers Pharrell Williams and Joe Jonas on their advisory board.
Interestingly, the NFT suite Holograph will include Bridge, a cross-chain NFT bridge using CXIP’s patented ‘holographic bridging’ technology, enabling NFTs to move seamlessly between EVM blockchains with complete data integrity. It will also feature Core, an omnichain NFT minting and bridging API for developers. Mint is another inclusion: it is a no-code NFT minting interface for creators.
The venture boasts of highlighted participation from Vaynerfund, Diplo, Gmoney, Nadya from Pussy Riot, Justin Aversano, Arca NFT Fund, Infinity Ventures Crypto, Kenetic Capital, Mirana Ventures, Company Ventures, Avalaunch, Soma Capital, Kosmos VC, Palm Drive Capital, and several other strategic angels.
Jeff Gluck, CXIP Labs’ CEO remarked:
With Holograph, our mission is to empower brands and creators across any marketplace or blockchain by building solutions that make digital asset creation and trading easier and more accessible.
Other prominent members of the CXIP Labs advisory board include Jen Stark, Lucien Smith, and Wendy Fisher, President of the Guggenheim Foundation, in suppforting CXIP Labs’ continued growth.
“We’re thrilled to back the incredible team at CXIP Labs as they are building one of the most critical web3 technologies to empower and enable creators” says Deepen Parikh, Partner at Courtside VC.
Likewise, David Roebuck, Principal of Wave Financial stated that they are big believers in the team. “CXIP Labs is addressing a real problem in the NFT market with their novel PA1D smart contract technology for NFT royalties. We are excited to continue to back them and co-lead the current round”.
The fundraise follows news of the UkraineDAO NFT, for which CXIP built the smart contract, resulting in nearly $7 million for Ukraine.