DNABlock, based in Los Angeles, has secured $7 million in a second seed round to allow Web3 artists to generate non-fungible tokens (NFTs) of avatars.
Sfermion, Solana Ventures, Animoca Brands, and Non-Fungible Labs led the round, with SoftBank and Gaingels also participating. The new financing follows the company’s original seed funding round of $1.2 million in September.
DNABlock intends to utilize the funds to expand and improve its flagship Replikant software product, which allows users to create video game-quality 3D avatars and animated material without having any coding or animation knowledge. The company, which was founded in 2017, also wants to open an L.A. studio for NFT developers and expand its executive team.
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