Jambb is converting laughs into non-transferable tokens (NFTs).
The comedy collectibles startup announced Wednesday that it has raised $3.5 million to build a comedian-focused NFT marketplace on the Flow blockchain.
Arrington Capital and Animoca Brands led the round, which also included investment from Flow developer Dapper Labs, ParaFi Capital, LD Capital, Signum Capital, NextView Ventures, Ascensive Assets, and Waterdrip Capital.
Jambb’s marketplace will feature jokes, sets, and memorabilia from a variety of comedians. A representative for the Boston-based startup told ULTCOIN365 in an interview that its marketplace will be similar to Dapper Labs’ NBA Top Shot in that it will offer packs of video-based collectibles of varying lengths.
In July, the company hosted the first-ever NFT comedy show, “Non-Fungible Jokin’,” which featured material from comedians Pete Holmes, Maria Bamford, Zainab Johnson, and Beth Stelling.
Hannibal Burress, whose Oct. 13 set will be repurposed into various digital collectibles, will be the next headliner.
Jambb, like many other musician-focused NFT marketplaces that have sprung up in recent months, believes it can help comedians recover from financial difficulties caused by the pandemic, as well as provide new ways for comedians to connect more personally with their fans.
“Several comedians mentioned being on stage 200 times the year before and zero times last year,” said Jambb CEO Alex DiNuNunzio in an interview with ULTCOIN365. “When we staged Non-Fungible Jokin’ in July, the majority of the performers said it was their first time performing in front of a live audience in over a year.” We see Jambb as a way to help comedians create new value from their content while also growing their communities.”