NFT
Vibe, a new non-fungible token (NFT)-to-product platform that provides tools to help creatives customize and manage the tokens, has raised a $4 million seed round.
Investors in the round included the venture capital arm of Web3 infrastructure giant Alchemy, Aglaé Ventures, and K-pop artist Psy’s music label P Nation.
San Francisco-based Vibe aims to boost the value of NFTs beyond their scarcity and implement or increase the utility of the token. The no-code platform allows creatives to convert the NFTs into applications and products that allow the tokens to evolve and provide real-world and digital utility.
Features that can be integrated include loyalty points, ticket sales, and the ability for physical redemptions. Vibe NFTs can be deployed on any chain and bridged to any other chain.
“Real value for NFTs will come from the dynamics and programmability that will allow creators to add unique features to their collections. Until now, they have not had a comprehensive tool to build and customize their collections,” said Vibe Founder and CEO Rachel Chu in a statement.”Our goal is to simplify the entire process and we are confident in our mission to take NFTs from photos to products.”
Read more: Alchemy’s Venture Arm Wants To Join ‘Web3 Missionaries, Not Mercenaries’