Revise Raises $3.5 Million To Build Rails For Programming Nfts
04/29/22, 12:56 AM
Money raised
$3.5 million
Round Type
seed
A popular criticism of NFTs is that they are just static JPEG files. Technically, they are not, of course. They are pieces of code on a blockchain, which means that they can be programmed to have various qualities. The NFTs that go on sale on marketplaces such as OpenSea are already programmed with instructions on the royalties to be provided to the owner, for instance.
Company Info
Additional Info
A new startup, called Revise, is attempting to productize this ability. The goal, as the startup explains it, is to make the NFTs change their properties based on events. Its SDK is live in private beta on NPM, and the startup has amassed some customers already, including Ludo Labs. The startup said on Friday it has raised $3.5 million in its seed round.