• Parallel

  Participated · Equity · Mar 2024

  Parallel develops an NFT card game that integrates NFTs, augmented reality (AR), and physical cards. The game is built on a science-fiction background and lets users purchase and collect cards using tokens. The company's product combines digital ownership with AR experiences and tangible collectibles. According to the article, Parallel completed a $35 million financing described as a strategic investment. Participating investors named include Solana Ventures, Distributed Global, OSS Capital, VanEck, and Focus Labs. The article does not disclose revenue, user metrics, valuation, or prior funding details. Parallel is a sci‑fi card game built on the Ethereum blockchain that uses realistic, science‑fiction–styled NFT cards. The platform’s core product today is NFT pack drops and an on‑chain marketplace; the playable game layer has not yet been released and early funding has been used to build it out. Parallel operates its own drop system and takes a 10% royalty on secondary NFT sales, with half of that directed to in‑game prize pools and the remainder to the company. After its first pack drop in August the platform did nearly $105 million in transaction volume (per CryptoSlam) and one “Masterpiece” card sold for $1.1 million in ETH; sales declined to just over $11 million in September. The company is preparing another drop and is focused on balancing rarity-driven secondary-market dynamics with accessibility for new players.

• Mellow

  Participated · Seed · Aug 2022

  Mellow Protocol is developing a permissionless vaults platform that automates liquidity rebalancing, including a first strategy contract, developer documentation, and a production-ready UI. The team open-sourced a backtesting SDK, built data infrastructure for rapid on-chain research, and performed internal tests including L2 live deployments. Operational readiness includes audits completed with ChainSecurity, BlockSec, and Cod34r3n4, plus published content on LPing, vault architecture, and strategies. The project launched a Discord community and has expanded its core team to 12 people. Upcoming plans focus on a guarded Mainnet launch of initial strategies, integrations and further L2 deployments, a strategist UI, and a V2 design. Financially, Mellow closed a $2.75 million seed round in August 2021 to develop and bootstrap the Protocol.

• SoundMint

  Participated · Seed · Apr 2022

  SoundMint is a generative platform for music NFTs that creates musical compositions derived from stems, algorithmically combined into unique musical art pieces paired with visual elements. The platform directs the majority of a sale to the artist and aims to give creators agency over their work while fostering collaborations between musicians, visual artists, and collectors. SoundMint sold 5,000 copies in its inaugural drop between Kloud and Hooker, valued at US$2.5 million, and is preparing a "Back In Time" collaboration drop with Kaien Cruz and SomeHoodlum. The company raised a US$1.7 million seed round led by Animoca Brands following a US$30 million appraisal. SoundMint plans to use the funds to build an NFT marketplace for artists, create a dashboard for NFT-holding fans, and to launch a token, buyback program, an ecosystem fund, and SoundMint Vinyl redemptions. The team positions the platform as a new medium of music creation that expands how art and music are disseminated and consumed in Web3.

• BlockArt

  Participated · Seed · Jul 2021

  BlockArt builds open-source software and a protocol that lets anyone create generative, data-driven art as NFTs by converting Ethereum transaction and block data into visual code. Its first live application, EthBlock.art, supports multi-level collaboration between creative coders, visual artists, and collectors. Creators pick code NFTs called BlockStyles to convert transaction data into BlockArt NFTs and then mint them. BlockArt aims to serve as a foundation layer for applications and to lower the barrier to entry for creative coders and artists exploring deterministic, data-driven art. The team plans to launch a new version of the protocol and additional permissionless tools, and is expanding ecosystem engagement through workshops and hackathons. Financially, the company announced a $1 million pre-seed raise led by CoinFund.

• Divergence Protocol

  Led · Seed · Jun 2021

  Divergence is a decentralized platform for volatility hedging and trading that focuses on blockchain-native asset prices, LP tokens, interest rates, and DeFi farming and staking rewards. Its token, $DIVER, has three initial uses: staking to claim a share of protocol fees, buy back & burn to create deflationary pressure, and governance to vote on platform parameters. Staking makes token holders eligible to periodically claim a percentage of protocol fees that go into the fee pool, while a portion of protocol fees will be swapped for $DIVER and removed from circulation. Governance via $DIVER lets holders vote on fee rates, the introduction of new supported underlying assets, and other platform parameters. The company completed seed and private financing rounds, raising $2.9 million. Investors named in the announcement include institutional crypto funds and noted angel backers.

No current team members are available.