Reasons Behind the Seed Funding Success
The seed funding round was led by a prominent investor, OKG Ventures. Other contributors to this round included lesser-known investors such as IMO Ventures, Dragon Roark, and JDAC Capital, all supporting the growing Web3 Cultural Leader. Outland is based in Los Angeles, California, USA, and CryptoChipy welcomes this development as it encourages other emerging crypto platforms.
Outland launched in February 2022, making the success of its seed round even more impressive. The platform has attracted significant global attention from both the crypto technology and traditional art audiences.
Outland’s debut project was highly successful. The platform launched a series of NFTs called Elemental by Fang Lijun, a renowned Chinese contemporary artist. At the start of 2022, his series was one of the most anticipated NFT projects of the year. The Elemental collection earned over 4000 ETH from both primary and secondary sales and held a strong position in OpenSea’s top chart following its launch.
Outland didn’t stop at its debut project’s success. In April 2022, the platform sought out an NFT collaboration with American artist James Jean, known for his paintings and drawings. This collaboration resulted in a collection of profile pictures (PFP), which sold all 7000 editions in just 5 minutes during the public sale. The total sales resulted in proceeds of over 3,700 ETH. This marked the first wave of the James Jean collaboration, with a second wave to follow. The second wave will be part of a project called Adrift World, set to launch soon. Adrift World will be an interactive, iterative NFT series with its own cinematic universe.
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Outland’s Long-Term Goals
Outland has included a significant NFT project in its roadmap for July 2022, titled 3FACE. This is the first large-scale NFT initiative by renowned artist Ian Cheng. Cheng has participated in the Venice Biennale and held solo exhibitions at prestigious art institutions like the Serpentine Gallery in London and MoMA PS1 in New York. MoMA PS1 attracts over 200,000 visitors annually.
Outland has strategically positioned itself within the NFT space. It is the first crypto platform with technically adept founders who are curators, critics, and experts from art institutions.
The platform aims to expand its global influence and vision. Its forward-thinking approach to the NFT space sets it apart. Outland’s unbiased leadership and support for a wide range of artists have contributed to its growing reputation and appeal in the NFT world. The platform sets a high standard for future collaborations in the Web3 cultural space.
Origins of the Outland Crypto Platform
Outland is dedicated to fostering dialogue and criticism about art, technology, and NFTs. It aims to provide valuable insights into the future of the art world. By developing analytical and evolving exchanges between contemporary art and technology, Outland is ideally suited for the NFT space. The platform continues to build a network of leading voices in the creation, criticism, and collection of digital art, fostering a rich public discourse.
Moreover, Outland offers an in-depth exploration of contemporary art and supports the transition from the studio to the market. It has partnered with various art institutions, including galleries, museums, and other cultural entities.
Outland is the first global NFT platform founded by a core group of executives from renowned art institutions, museums, and galleries. The key members of the team are:
+ Brian Droitcour, Editor-In-Chief
+ Christopher Y. Lew, Chief Artistic Director
+ Jason Li, Founder and CEO
CryptoChipy confirms that the Outland team actively engages with the community via discussions and the latest updates on Twitter. The platform also encourages its followers to subscribe to their weekly newsletter digest.
