Creator of Vine and Loot raises $12 million for decentralized sci-fi project

Dom Hofmann, the co-founder of the now-defunct short-form video platform Vine and creator of the non-fungible token (NFT) project Loot, has a new venture — Blitmap, a decentralized science fiction project where the community guides the story.  

Paradigm led a $12 million seed funding round for Sup, a parent firm that’s building out Blitmap. Through the funding, Blitmap intends to scale as well as develop other projects and universes, according to a tweet from Sup. 

Blitmap is an Ethereum-based NFT project in which users who own a Blitmap NFT can collectively decide key features of the story’s universe, such as who the enemies are. The community also guides decisions surrounding merch, with the possibility of potential play-to-earn features. As of publication, the floor price for a Blitmap NFT is 9.37 ETH (about $30,000 USD). 

Paradigm launched a $2.5 billion venture fund last November, as previously reported.