Green Web3 company OneOf closes over US$ 8M in strategic round to ramp up the development of its NFT marketplace

OneOf, the green Web3 company for legendary musicians, athletes and brands, today announced the closing of over US$8M in a strategic round to accelerate the development of its eco-friendly NFT marketplace and support its expansion in the music, sports and brands verticals.

The funding round was led by Amex Ventures, Mirabaud Lifestyle Impact and Innovation Fund, Snow Hill Ventures, Sangha Capital, Chain Link Crypto Fund, and other investors. The new capital injection brings OneOf’s total funds to-date to over US$ 72M raised.

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 will launch a set of NFTs accessible to American Express Card Members for an exclusive American Express event. From July 29 until August 21, the event is designed based on 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. 

During the three-week activation, the event’s attendees will receive a free NFT collectible designed by acclaimed 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.

‘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,’ said Lin Dai, CEO of OneOf. ‘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.’

OneOf was launched by engineer and entrepreneur Lin Dai in 2021. Popular musicians, athletes and brands that have partnered with OneOf include 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. 

Photo: OneOf