Decent, an NFT infrastructure protocol that helps artists monetize their work, raised $3.5 million in a seed funding round.
Crypto-focused venture capital firm Archetype led the round, with Y Combinator, Circle Ventures, Palm Tree Crew Crypto and its co-founder Kyrre Gorvell-Dahll also participating.
Angel investors, including Ilya Fushman of Kleiner Perkins and Ian Lapham of Uniswap Labs, also joined the round, Decent co-founder Will Collier told The Block on Thursday.Decent was established last year as a curated NFT marketplace for artist releases. It launched the protocol last month, consisting of Creator HQ and a javascript SDK.
Collier likened the Decent protocol with what Squarespace does for websites and Canva does for design. With fresh capital in hand, Decent will expand its team of six by hiring one more full-stack engineer, Collier said.
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