Sustainable NFT Company OneOf Raises Over $8 Million

By Dan Anderson ● Aug 1, 2022
  • OneOf recently announced the closing of over $8 million in a strategic round. These are the details.

OneOf – a green Web3 company built for iconic musicians, athletes, and brands – recently announced the closing of over $8 million in a strategic round to accelerate the development of its environmentally sustainable NFT marketplace and support its growth in the music, sports, and brands verticals. And investors participating in the new round include Amex Ventures, Mirabaud Lifestyle Impact and Innovation Fund, Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund, and several others.

The new capital funding round brings OneOf’s total funding to date to over $72 million raised. And existing investors include famed environmentalist and VC Bill Tai’s Actai Unicorn Fund, Galaxy Digital, Nima Capital, Sangha Capital, Recharge Capital, Andromeda Capital, Sanctor Capital, Tezos Foundation and others.

OneOf is also launching a set of NFTs accessible to American Express Card Members as part of an event hosted by American Express. And until August 21, American Express is holding an exclusive pop-up event inspired by color theory and therapy for its Card Members: The American Express Summer in Color Oasis, at Lucca Beach inside the Mandarin Oriental in Bodrum, Turkey. Throughout the 3-week activation, OneOf will offer American Express Card Members attending the experience a complimentary NFT collectible designed by renowned Turkish artist Selay Karasu, whose works have previously been featured at Burning Man, MOMA NYC (Museum of Modern Art), Art Basel and CERN Particle Physics Laboratory.

OneOf was co-founded last year by entrepreneur Lin Dai (CEO), digital media executive Joshua James (COO) and music industry veteran Adam Fell (CSO). And Iconic musicians, athletes, and brands (such as Doja Cat, The Notorious B.I.G, Wayne Gretzky, Muhammad Ali, Grammys, Warner Music Group, iHeart Media, Duke Basketball, Sports Illustrated, Anheuser-Busch and Gatorade) partner with OneOf to explore ways to bring green and sustainable NFTs to millions of non-crypto native fans worldwide.

KEY QUOTES:

“We are excited and humbled by the belief and overwhelming support from our new and existing investors and partners to continue executing towards our mission of bringing the next 100M users into the NFT and blockchain space. As the Web3 market matures and consolidates, we see great opportunities in creating new commerce models, enabling creators of all shapes and sizes, from the biggest global brands to the newest independent artists, to unlock the real world potentials of this new technology.”

— Lin Dai, CEO of OneOf

“A growing number of creators and consumer brands are experimenting with NFTs leading to the rise of a new spend category, new business ideas, and new loyalty and membership models. We believe that the investment in OneOf will help American Express stay close to the developments in NFT-powered commerce and lead to the development of new customer engagement models for our Card Members.”

— Margaret Lim, Managing Director of Amex Ventures