Afterparty is creating tools so creators can engage with fans in an ongoing dialogue and build deeper connections over time. The company is using the Polygon sidechain to eliminate gas fees, or those related to computing and energy costs. Fields said that nobody has been addressing what to do with NFTs after they’ve been sold for the first time. DJs, bands, and digital artists are using Afterparty. With Afterparty, creators have direct artistic and financial control of their NFT and social token offers through the platform’s blockchain-agnostic model. The platform enables creators to choose from Ethereum, BitClout, and other emerging Layer 1s for their underlying NFT or social token, enabling them to capitalize on a more decentralized creator economy with a direct artist-to-fan relationship. The platform uses Layer 1 infrastructure (or solutions embedded in a blockchain’s basic protocol), based on the blockchain. They’re spending their money around things that bring them value in digital spaces, he said. These NFTs tie in seamlessly to the events platform for creators to offer exclusive experiences and merchandise to collectors.įields is counting on the generation of gamers who have grown up buying skins and avatars. The creators can choose from many professionally designed NFT frameworks to make it easy to launch polished, visually appealing, one-of-a-kind NFTs that are authentic to their individual brand identity, according to the company. Afterparty is undoubtedly at the forefront of this new creator era which makes their platform and team an exceptional investment fit.”Īfterparty got its beta test going in June, and it’s launching its own Ethereum-based NFT marketplace this fall. “Acrew’s same guiding principle represents the very essence of the new creator economy. “Our investment philosophy is formed around the idea of democratized wealth creation, which empowers more diverse groups to have a broader influence on market development and value generation,” said Lauren Kolodny, partner at Acrew Capital, in a statement. The funding will be used to accelerate product development for its Web 3 platform, which provides creators with the tools necessary for direct monetization using NFTs. Acrew Capital and TenOneTen Ventures led the round, with participation from Palm Tree Crew, Act One Ventures, Hex Capital, Red Light Management, and angel investors including Dylan and Brandon Lee, Louis Beryl, Dave Bonanno, Craig Clemens, Reade Seiff, and Alex Kassan. Afterparty has some NFT believers in the form of its investors.
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