• DNABLOCK, an NFT tech company, has raised $7 million in a seed fund round

  • DNABLOCK, a 3D avatar and animation platform, has raised $7 million in its second seed fund round. The investment was led by a slew of industry heavyweights, including Sfermion, Solana Ventures, Animoca Brands, and Non-Fungible Labs.

    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 were among those that contributed to the financing.

    The money will be used to scale and implement Replikant, the company’s flagship offering, which is an all-in-one, end-to-end, AAA quality 3D virtual production platform that enables NFT and Web3 producers to bring their characters and tales to life inside the evolving tech landscape. Furthermore, the cash will be utilized to assist create a DNABLOCK creative studio in Los Angeles in order to recruit new talent, as well as to fill numerous senior positions inside the company.

    Following the successful acquisition of investment, the company’s co-founder and CEO, Anthony Kelani, has touched on the company’s grassroots ethos, which will be further realized through the fresh infusion of funds:

    “We want people to feel something when they watch their Replikant characters and NFTs come to life.” The next great franchise will not emerge from the top down, fully constructed and with predetermined narratives. It will emerge from the bottom up, with stories written by NFT communities for themselves. I’m especially enthusiastic about the prospect of a new generation of stars emerging from a lot more diversified roster of creatives than we’ve seen in legacy media.”

    What's your reaction?