What is MakersPlace?
MakersPlace operates as the premier NFT marketplace, specializing in the sale of authentic digital art. Established in 2018, the platform leverages blockchain technology to guarantee rarity and ownership for both creators and collectors. Differentiating itself through accessibility, MakersPlace was among the first NFT marketplaces to accept both cryptocurrency (ETH) and traditional fiat payments (USD), broadening its appeal to a mainstream audience. The company played a pivotal role in bringing digital art and NFTs to global prominence, notably through its partnership with Christie's for the record-breaking $69.3 million sale of Beeple's 'Everydays: The First 5000 Days'. Its core mission is to foster a vibrant ecosystem for digital creativity.
How much funding has MakersPlace raised?
MakersPlace has raised a total of $32M across 2 funding rounds:
Angel/Seed
$2M
Series A
$30M
Angel/Seed (2019): $2M, investors not publicly disclosed
Series A (2021): $30M led by Bessemer Venture Partners, Pantera Capital, Uncork Capital, and Draper Dragon
Key Investors in MakersPlace
Bessemer Venture Partners
Bessemer Venture Partners is a venture capital firm with a long history, established in 1911, focusing on early-stage investments across various sectors and geographies, including San Francisco, New York, and India.
Pantera Capital
Pantera Capital is a prominent investment firm dedicated to the blockchain and cryptocurrency space, offering both venture and hedge fund strategies to provide broad exposure to digital assets and companies shaping future financial infrastructure.
Uncork Capital
Uncork Capital is a seed-stage venture firm committed to providing critical support to startups from their earliest stages, aiming to build lasting partnerships and assist companies through the challenges of early growth.
What's next for MakersPlace?
The recent major strategic investment into MakersPlace signals a phase of accelerated scaling and potential expansion into new markets or technological advancements. With a substantial total funding amount of $32M, the company is well-positioned to further solidify its leadership in the digital art and NFT sector. Future developments are likely to focus on enhancing user experience, expanding creator tools, and potentially exploring new blockchain integrations or partnerships to maintain its competitive edge in this rapidly evolving industry.
See full MakersPlace company page
