MakersPlace Raises $30M in Funding Round Led by Pantera Capital and Bessemer Venture

Other investors included rap artist Eminem, Coinbase Ventures and Sony Music Entertainment.

AccessTimeIconAug 4, 2021 at 3:25 p.m. UTC
Updated Sep 14, 2021 at 1:35 p.m. UTC

Digital art platform MakersPlace said it raised $30 million in a Series A funding round led by Pantera Capital and Bessemer Venture Partners.

  • The firm introduces digital art and non-fungible tokens (NFTs) to a mainstream collector audience.
  • Other investors in the round included Uncork Capital, Draper Dragon Digital Assets, 9Yards Capital, Coinbase Ventures, Sony Music Entertainment and rap artist Eminem.
  • In February, Christie's said it had partnered with MakersPlace to auction artwork by the renowned crypto artist Beeple. The work sold for $69.3 million. 
  • MakersPlace reports the number of collectors using its platform has grown 10-fold over the past year, with the firm facilitating over $100 million in transactions.
  • NFTs are digital assets that represent a wide range of unique tangible and intangible items, from collectible sports cards to virtual real estate and even digital sneakers.


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

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.