NFT Tech Company DNABLOCK Secure $7 Million in Seed Fund Round

3D avatar and animation platform ‘DNABLOCK’ has raised $7 million in their second seed fund round. The round was led by a whole host of illustrious industry names, such as Sfermion, Solana Ventures, Animoca Brands, and Non-Fungible Labs

Source: Nftplazas / Rory

The round also featured contributions from an array of other reputable industry bodies, such as SoftBank Group’s SB Opportunity Fund, LD Capital, Haobo Zhao, CMT Digital, Gaingels, RareBreed, Alumni Ventures, Diverse Angels, Fenwick and West, Figure 8 Investments and Bill Silva.

The funds will be used to further scale and deploy the company’s flagship offering, Replikant, which is an inclusive, end-to-end, AAA quality 3D virtual production tool that empowers NFT and Web3 creators to bring their characters and stories to life within the emerging tech landscape. In addition, the funds will be used to help launch an LA-based DNABLOCK creator studio for harvesting new talent, as well as to add several leadership roles to the company.

Upon the company’s successful acquisition of investment, its co-founder and CEO, Anthony Kelani, has since spoken on the company’s grassroots ethos, which will be further manifested through the new injection of funds:

“We want people to feel something when they see their characters and NFTs come to life through Replikant. The next great franchise isn’t going to come from the top-down, fully formed and with fixed narratives. It’s going to come from the bottom-up with stories that NFT communities write for themselves. I’m particularly excited that this will surface a new generation of stars from a much more diverse roster of creatives than we’ve seen from legacy media”.