Heretic Ventures, the San Francisco-based venture studio launched by serial entrepreneur Mariam Naficy and backed by industry-leading investors and entrepreneurs including Reid Hoffman, Ev Williams, Chris Dixon, Jeremy Stoppelman, April Underwood, and others, announces that Tonic.xyz, a leading gallery offering highly curated art on the blockchain, has raised $5 million in a seed financing round co-led by Patron.xyz and TTCER.

Heretic founds companies at the intersection of culture, commerce, and creators, with a focus on using disruptive technology to gain widespread adoption and lasting competitive advantage. The studio de-risks venture builds, shortens the time to market, and increases the likelihood of success through a rigorous studio ideation and validation method, well-curated and highly vetted founding teams, and a powerful shared venture platform.