MetaFrames.io – NFT Startup for Premium Licensed NFTs Closes Round of Funding at £ 10million
LONDON, United Kingdom, December 2, 2021 /EINPresswire.com/ – MetaFrames Limited today announced the completion of its second round of seed funding of Â£ 500,000 at a valuation of Â£ 10million. This funding round has been led by a group of angel investors, including early investors in fintech startups, most notably challenger bank Revolut and NFT-based fantasy football card company Sorare (which has completed a series cycle B of $ 680 million in September 2021).
Founder and CEO Sanjay Wadhwani said, âI am delighted to have reached an important first milestone in such a short time, and look forward to making great progress now as we move towards a Series A round in the first quarter of 2022 having already received significant interest. We will be announcing our first deals with major media properties around the world as well as the beta of the MetaFrames.io platform, inviting the world to join our NFT Multiverse.
This new round of funding will be used in the following areas:
â¢ Development and launch of the platform
â¢ NFT development and production
â¢ Marketing and events
Founded by entrepreneur and investor Sanjay Wadhwani (previously founder of start-up investor Ascension Ventures and CEO of Ingenious Ventures), MetaFrames is a new company building its vision of an NFT multiverse open for launch in Q1 2022. It has a unique hybrid model, with physical artwork available from major galleries as well as NFTs. The works of art will be published in collaboration with brands and media properties around the world.
About MetaFrames Limited: Founded in June 2020, the company has so far launched CineFrames, including a collection of artwork celebrating 100 years of cinema is currently being sold to benefit the international children’s charity, War Child, as NFT.
CineFrames is a digital art project led by the head of artist studio MetaFrames, revolutionary digital artist Vass, who started creating the pieces in 2019. Artworks are created by putting together thousands of images stills from a source video to create a larger image, which can then be displayed as a large-scale framed print or viewed digitally.
The original series of works premiered in 2019 was based on iconic film frames, celebrating some of the most beloved characters and franchises of all time while paying homage to the original directors and creators in a very unique way. Since then, MetaFrames has built a collection of digital assets celebrating other icons in film, television, music, sports, and video games, using its own proprietary software.
For more information see www.metaframes.io and www.cineframes.com
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