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Digital Art Platform and Residency Program Wildxyz Raises $7M

Digital art platform Wildxyz has raised $7 million in seed funding to expand its residency program and community surrounding non-fungible token (NFT) art, the company said Thursday.

The round was led by venture capital firm Matrix Partners, with participation from notable investors including LinkedIn founder Reid Hoffman; actress and Goop founder Gwyneth Paltrow; the co-founder of Twitch, Kevin Lin; and NFT investor Cozomo de Medici.

Wild plans to put the funding towards its hyper-curatorial residency program, which onboards artists in “seasons'' to create art for its native marketplace. Douglass Kobs, CEO and founder of Wild, told CoinDesk that its goal is to help artists build bodies of Web3 work to collectively contribute to the “Wildverse,” the platform’s native metaverse.

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