Masterworks, a Company Offering Fractional Shares of Major Artworks, Is Now Valued at Over $1 Billion
The company, which now counts top collector Glenn Fuhrman among its investors, is officially the first art-startup unicorn.
Source: artnet.com
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Masterworks raises $110M to sell fractional shares of physical art — not NFTs – TechCrunch
As investors look to diversify their holding amid exceptionally top-heavy traditional asset markets, more tech-enabled platforms are popping up to make the case for their alternative investment platform of choice. Masterworks, a startup that sells fractionalized shares of paintings and other works by famous artists, has achieved a unicorn valuation as it looks to corner […]
Source: techcrunch.com
SG Digest: Ex Grab, Uber execs launch car subscription platform, Alethea AI raises $16m
Billionaire Mark Cuban, Alameda Research, Multicoin, Galaxy Interactive, and Dapper Labs were among the investors in Alethea.
Source: dealstreetasia.com
Forevr Games raises $8.5m to make VR social experiences
Company founded last year by former Zynga execs released its first game back in May
Source: gamesindustry.biz
Digital land in Decentraland sells for $913K... to a virtual property developer
An investment firm has spent more than $913,000 on 259 virtual land plots in the crypto-powered open gaming metaverse, Decentraland.
Source: cointelegraph.com