Artizen Fund Raises $2.2 Million to Create NFT Cultural Artifacts

Artizen, a Web3 culture-focused crowdfunding platform, introduced Thursday that it has raised $2.2 million to assist creators fund initiatives on the intersection of artwork, expertise, science, and design. 

Thursday’s increase included participation from main Web3 funds, together with Consensys Mesh, Animoca Manufacturers, and Protocol Labs, in addition to from people together with Clean Road Espresso’s Dan Hill, PleasrDAO’s Matt Condon, and Juan Benet, founder and CEO of Protocol Labs. 

On Artizen, creators promote so-called Artifacts to fund their initiatives: distinctive artworks that stay on the Ethereum blockchain and signify the ethos of a challenge by both teasing at its potential or showcasing a small a part of its creation course of.

Artifacts holders may vote to determine what future initiatives must be featured on Artizen, as all initiatives on the location are curated by group members. On the finish of a given Artizen “season,” the challenge with essentially the most offered Artifacts receives a money prize. This season’s prize shall be $23,492. 

Present main initiatives on Artizen embrace a digital-to-physical design studio, a brief movie in regards to the American immigration system, an animated collection exploring late-stage capitalism by means of the lens of a laundromat on line casino, and a collection of 3D animations that examine female gender efficiency. 

Whereas quite a few present Web3 platforms already supply the flexibility for creators to promote NFTs to fund initiatives, Artizen co-founder René Pinnell believes his platform stands out from the remainder as a result of Artifacts are distinct and significant artworks in themselves, which may rise in worth together with the initiatives with which they’re related. 

“The concept is that these artifacts will recognize in worth primarily based on how a lot actual world affect a challenge has,” Pinnell instructed Decrypt. 

Whereas the co-founder doesn’t imagine each Artizen challenge will form international tradition, he’s assured that some could have a seismic affect on historical past and the world. 

“A few of [these projects] shall be as impactful as Leonardo da Vinci, and so individuals will need to personal these Artifacts,” he mentioned.