Async Art startup secures over $2m in seed funding

Async Art a Silicon Valley-based art platform revolutionizing the digital art NFT space, announced it secured its primary seed funding. Leading the round is Lemniscap along with Galaxy Interactive, Signum Growth Capital, Semantic, Blue Wire Capital, Collab+Currency, Inflection, Divergence Ventures, the LAO, and previous seed round leader Placeholder.

Launched in February 2020, Async Art has already reached milestones existing digital art platforms haven't in their first year - accumulating over $1 milion in art sales, being featured in Christie's, and launching a dedicated smart TV app to display art.

Conlan Rios, CEO and Founder, Async Art: "At Async, we believe the future of digital art is programmable. Art is most impactful when you see yourself in it and programmable art allows collectors and artists to immerse themselves in artistic works like never before."

Programmable art is a new movement in which creators deconstruct their work into "Layers" and endow them with abilities. Collectors can then own and alter artworks through said Layers. Layers can even be hooked up to external data sources such as time to change autonomously.

"As financial use cases continue to solidify their value proposition in a decentralised setting, media is the next frontier primed for disruption. By enabling the shared ownership of art pieces and dynamic influence over their appearance, 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," Lemniscap team sates.

The company intends to focus their efforts on onboarding more users to the platform and developing more ways to display the ever-changing Async artworks. The team is looking to expand with job openings for platform developer and community manager.

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