Today, CXIP Labs, the technology company behind the innovative omnichain NFT interoperability protocol, announced a $6.5M Series Seed financing round co-led by Courtside Ventures and Wave Financial, with highlighted participation from Vaynerfund, Diplo, Gmoney, Nadya from Pussy Riot, Justin Aversano, Arca NFT Fund, Infinity Ventures Crypto, Kenetic Capital, Mirana Ventures, Company Ventures, Avalaunch, Soma Capital, Kosmos VC, Palm Drive Capital, and several other strategic angels.
With this new round of funding, CXIP Labs, acting as the parent company, will roll out Holograph, a new suite of NFT products for creators, developers, and enterprises. These products include Bridge, a first of its kind cross-chain NFT bridge using CXIP’s patented ‘holographic bridging’ technology, enabling NFTs to move seamlessly between EVM blockchains with complete data integrity; Core, an omnichain NFT minting and bridging API for developers; and Mint, a no-code NFT minting interface for creators.
Founded by intellectual property lawyer Jeff Gluck, Jeremy Kerbel, and artist Daniel Arsham, CXIP Labs develops NFT infrastructure solutions for the web3 ecosystem.
“The CXIP Labs team has a proven background in supporting artist’s rights across creative industries, web3 fundamentals and a vision of the future for creators informed by some of the smartest people in web3,” says Gary Vaynerchuk, VaynerFund.
CXIP Labs has also added several new members to their advisory board, including Pharrell Williams and musician Joe Jonas. They join Jen Stark, Lucien Smith, and Wendy Fisher, President of the Guggenheim Foundation, in supporting CXIP Labs’ continued growth.
“With Holograph, our mission is to empower brands and creators across any marketplace or blockchain by building solutions that make digital asset creation and trading easier and more accessible,” said Jeff Gluck, CXIP Labs’ CEO.
The protocol has already been used to create thousands of NFTs, including for Sothebys, Phillips, Nifty Gateway, the AmFAR Gala, the Academy Awards Museum, and more.
“We’re thrilled to back the incredible team at CXIP Labs as they are building one of the most critical web3 technologies to empower and enable creators,” said Deepen Parikh, Partner at Courtside VC.
“We are big believers in Jeff and the team. CXIP Labs is addressing a real problem in the NFT market with their novel PA1D smart contract technology for NFT royalties. We are excited to continue to back them and co-lead the current round,” said David Roebuck, Principal of Wave Financial.
The fundraise follows international news of the UkraineDAO NFT—for which CXIP Labs built the smart contract in collaboration with Pussy Riot’s Nadya Tolokonnikova and PleasrDAO—resulting in nearly $7 million for Ukrainian civilian organizations.