OneOf closes $8M strategic round,launches NFT for American Express event

OneOf, a Polygon (MATIC)-based Web3-focused platform that seeks to promote the sector’s growth around music, sports and brands, has closed an $8 million round in a strategic round that included several leading investors.

Backing for OneOf in this latest financing round were investments from Amex Ventures, Chain Link Crypto Fund, Mirabaud Lifestyle Impact, Snow Hill Ventures, and Sangha Capital. These join existing investors such as Galaxy Digital, Nima Capital, leading venture capitalist Bill Tai’s Actai Unicorn Fund, Tezos Foundation, Andromeda Capital, and Sanctor Capital among others.

Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

With the NFTs market continuing to see new growth momentum following a crypto winter lull, OneOf is looking to use the fresh capital infusion to fast-track development around its green NFT marketplace.

OneOf CEO Lin Dai said in a statement that the strategic round reflects the confidence investors have in the company, noting that the key support would help bring the benefits of Web3 to creators. According to Dai, the funding will help the platform achieve its goal of helping onboard the next 100 million non-crypto native users from across the world into the NFTs and blockchain ecosystem.

“As the Web3 market matures and consolidates, we see great opportunities in creating new commerce models, enabling creators of all shapes and sizes, from the biggest global brands to the newest independent artists, to unlock the real world potentials of this new technology.”

OneOf launches NFT collection for American Express

The platform, which has now raised over $72 million from investors, announced that it had also launched an NFT collection for American Express (NYSE: AXP)to mark the three-week Colour Oasis Popup Experience event. The NFTs will be available to American Express Card Members at the event in Bodrum, Turkey.

The unique NFT collection is designed by Selay Karasu, a celebrated Turkish artist whose works have been featured at MOMA NYC, Art Babel and Burning Man.

The American Express event began on 29 July and will conclude on 21 August 2022.In May, Polygon (MATIC)-based OneOf partnered with eBay as the ecommerce giant rolled out its debut limited edition NFTs featuring hockey legend Wayne Gretzky.