A New Chapter in Digital Art

In a flashy move that has sent ripples through Silicon Valley, Async Art—an innovative non-fungible token (NFT) platform—has bagged over $2 million in seed funding from a plethora of at least 10 investors. This monumental backing underlines the booming demand and value proposition for programmable art, a buzzword that’s starting to gain traction.

From Startup to Standout

Launched in February 2020, Async has been on a tear, racking up an impressive $1 million in art sales within its first year. Oh, and let’s not forget their foray into the smart TV landscape with an app dedicated to displaying digital art. Who needs a wall when you can have a TV that showcases masterpieces while binge-watching?

What’s Next? Funds with a Purpose

While Async kept their cards close to their chest about precisely how the new funds will be utilized, they hinted at onboarding fresh users and creating new art displays as their primary goals. With the current tech job market looking like a feeding frenzy, Async is also beefing up its team. They’re on the hunt for a community manager and an application developer—so if you’re into art and tech, this could be your golden ticket!

Meet the Investors

This funding round saw contributions from distinguished names like Lemniscap, Galaxy Interactive, and Signum Growth Capital, among others. Their collective belief in Async’s potential speaks volumes. As one of the primary investors, Lemniscap is excited about the disruption in media:

“Async Art is turning the existing concept of art on its head and is paving the way for a whole new category of programmable media.”

The Future is Now: NFTs Enter the Auction Scene

Async’s flair for innovation doesn’t just stop at funding. They recently made waves by being featured at Christie’s, an established auction house. As the NFT craze continues its rollercoaster ride, Noah Davis, an art specialist at Christie’s, remarked on the quick uptake of NFTs: “They’ve seen a rapid ascent over the last few years—especially the last few months.” Who would have thought digital art could take off faster than a viral cat video?

A Masterpiece to Watch

In March 2020, Async showcased Matt Kane’s art piece, “Right Place & Right Time,” which dynamically evolves based on Bitcoin (BTC) price volatility. This masterpiece solidified its place in the Cointelegraph Top 100 and exemplifies how NFTs are transforming the artistic landscape.