Wednesday, October 5, 2022

OneOf Secures $8.4M in a Strategic Round With Amex Ventures

OneOf, a sustainability-inclined non-fungible token (NFT) platform has added Amex Ventures, a subsidiary of American Express as one of the backers in its strategic funding round. A total of $8.4 million was generated through the round. Amex joined investors like Chain Link Crypto Fund, Mirabaud Lifestyle Impact and Innovation Fund, Snow Hill Ventures, and Sangha Capital amongst others to bootstrap the startup.

Other returning investors were VC Bill Tai’s Actai Unicorn Fund, Galaxy Digital, Nima Capital, Sangha Capital, Recharge Capital, Andromeda Capital, Sanctor Capital, and Tezos Foundation.

The Quincy-based Web3.0 and NFT platform conducted its seed round about May last year. By the close of the seed round, OneOf had secured a total of $63 million from investors. Most of the investors were veterans in the entertainment and technology industries. 

Names like Suna Said of Nima Capital, ESG fund Sangha Capital, investor Jack Herrick, Tezos Foundation, and Jaeson Ma, all made it to the list of investors.

Altogether, with today’s funding, OneOf’s total funding rounds up to about $72 million. 

Amex Ventures Hosts Colour Event After OneOf Funding Round

To commemorate this deal with OneOf, Amex will host an exclusive pop-up event at the Mandarin Oriental hotel in Bodrum, Turkey. Although the color event commenced last week Friday, it will be on until Sunday 21st August.

The event is a themed color-theory and therapy-focused event tagged ‘American Express Summer in Color Oasis’. Meanwhile, Amex Ventures will give out OneOf NFTs designed by Selay Karasu, who is a Turkish artist to its cardholders who attend the event. 

During the press release, Margaret Lim, the Managing Director of Amex Ventures affirmed that a huge number of brands and creators are tilting toward NFTs.

Therefore, She believes that Amex’s collaboration with the OneOf platform will bring the venture capital firm closer to the development happening in the NFT space. Margaret is enthusiastic about the developed NFT offerings which Amex will provide for its cardholders via the partnership with OneOf. 

In the euphoria of partnerships, e-commerce hub eBay partnered with OneOf to release its NFT collection in May. The NFTs featured National Hockey League (NHL) star, Wayne Gretsky. Minted on the Ethereum (ETH) scaling protocol Polygon, the NFTs have all been put up on the eBay marketplace.

Victoria Nye
A Blockchain columnist who is enthusiastic about developing a network interface between the real world and the cryptosphere.

Related Articles

Stay Connected

0FansLike
0FollowersFollow
2,043FollowersFollow

Latest Articles

%d bloggers like this: