Grimes Announces ‘Children’s Metaverse Book’ as Part of $100M Avalanche Initiative

The Avalanche Foundation is making a major push to bring art and entertainment to the home of AVAX.

AccessTimeIconMar 25, 2022 at 4:30 p.m. UTC
Updated May 11, 2023 at 4:07 p.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

Canadian musician Grimes is launching an “intergalactic children’s metaverse book.”

Announced Friday at the Avalanche Summit in Barcelona, Grimes, also the mother of Tesla (TST) CEO Elon Musk’s children, said the project was part of a $100 million initiative from OP3N and the Avalanche Foundation meant to support the development of projects related to art, entertainment and culture on the Avalanche blockchain.

  • Why Prada Is at the Forefront of Digital Fashion and Metaverse
    00:54
    Why Prada Is at the Forefront of Digital Fashion and Metaverse
  • What Will The Metaverse Look Like in the Future?
    16:36
    What Will The Metaverse Look Like in the Future?
  • The Sandbox Wants to Make India Its Largest Market Within the Next Two Years
    01:22
    The Sandbox Wants to Make India Its Largest Market Within the Next Two Years
  • Saudi Arabia's NEOM Is Working to Build the 'City of the Future' With Blockchain, Web3: Yat Siu
    11:34
    Saudi Arabia's NEOM Is Working to Build the 'City of the Future' With Blockchain, Web3: Yat Siu
  • “When I first got into Web 3, this was the kind of project I was hoping to see,” Grimes said in a statement. “I’m very excited to be partnering with [OP3N] to launch a series of educational art for babies and small children with the goal of creating a profound experience for babies that is also deeply meaningful to adults.”

    The artist previously sold around $6 million worth of digital art after putting up a non-fungible token (NFT) collection in March 2021. Grimes was also featured in TikTok’s NFT Collection.

    OP3N describes itself as a launchpad to empower creatives in Web 3 and is partnering with the Avalanche Foundation to launch the $100 million initiative. Coined “Culture Catalyst,” the project will include the Grimes book project.

    The initiative follows a $10 million seed funding round for OP3N, co-led by the general partners of Galaxy Interactive and BRV Capital Management. The Sandbox’s Sebastien Borget and Axie Infinity co-founder Jeffrey Zirilin also backed the round, according to a press release.

    Disclosure

    Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

    CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

    Lyllah Ledesma

    Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe. She holds bitcoin, ether and small amounts of other crypto assets.


    Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.