Jay-Z’s Marcy Venture Partners Invests In NFT Marketplace Bitski!
Jay-Z’s Marcy Venture Partners Invests In NFT Marketplace Bitski! NFT marketplace Bitski revealed Thursday that Jay-Z’s Marcy Venture Partners are among the list of backers who invested $19 million in the San Francisco-based start-up. The team of investors also includes Roc Nation Co-Founder Jay Brown, Troy Carter, Endeavor CEO Ari Emanuel, and 3LAU.
According to Complex, Bitski’s new investors also include Andreessen Horowitz (a16z), including the firm’s Cultural Leadership Fund; Marcy Ventures; Metapurse, purchasers of Beeple’s $69m NFT sold at Christie’s; Andrew Gertler’s AG Ventures, Trevor McFedries (Creator of Miquela); Night Media (MrBeast), Serena Williams, Wendi Murdoch and senior executives across TikTok, Snapchat, Twitter, 100 Thieves, Adobe, and more, with continued support from Kindred Ventures and Galaxy Digital.
An NFT is a piece of digital media that can be owned, sold and traded. NFTs are set to become the atomic unit of ownership across metaverses. An NFT is a digital asset that represents real-world objects like art, music, in-game items and videos. They are bought and sold online, frequently with crypto currency, and they are generally encoded with the same underlying software as many cryptos.
NFTs provide a historical opportunity for artists to capture the full value of their work. NFTs can be keys to unlock rare content. Include a Snapchat filter or Roblox skin with your NFT and let users flex in multiple simulations. Bitski exists to increase accessibility, participation and creator sovereignty in the internet economy.
At its simplest form, a blockchain is like a global spreadsheet of transactions. Nobody can edit existing transactions, but anyone can add a new one. Turns out, blockchain is a great tool for verifying the owner of digital things, which means the whole concept of owning something digitally can exist.
The company is a true believer that digital ownership will have profound impacts on how people use the internet, build communities, and reconcile their value to existing platforms. There’s an entire new world of creation, ownership and monetisation, and it can be truly overwhelming. Bitski is here to help people experiment with ideas today, and navigate the revolution.
