8.6 C
New York
Thursday, September 23, 2021
Home Fintechs Curve launched NFT auction to support theaters

Curve launched NFT auction to support theaters

London-based Fintech Curve has decided to raise money in an auction of five Curve-themed NFT’s to support London’s theaters.

NFTs (Non-fungible tokens) are cryptocurrency tokens with certified ownership and are experiencing a huge boom at the moment. NFT is a digital file using blockchain technology.

Read also: N26 hires former SoundCloud exec as CPO

It is possible to view the images online but a person with an interest of buying must connect an Ethereum wallet to enter the bidding.

The Curve NFT’s are on sale on crypto marketplace Rarible.com until 19 April.

About 40 % of theatre and art workers from London have been made redundant since the start of the pandemic a year ago.

“In 10 months, and since the UK’s first lockdown, the Theatre Support Fund+ has helped thousands of workers in the industry who have had no, or limited work, since theatres shut over a year ago,” the fund’s co-founders Damien Stanton and Chris Marcus said. 

“Through partnerships such as this, we will be able to support those artists further, until the industry can be back making theatre again.”

Curve’s founder and CEO, Shachar Bialick, says: “The theatre community is part of what gives London its vibrancy and diversity, a combination that made Curve choose the UK capital as our HQ”

“I am proud that Curve is working with Theatre Support Fund+ on one of the first examples of using digital art to make a tangible difference to society. NFTs hold genuine promise to change how we think about art ownership and enjoyment as a purely physical experience,” he added.

Curve secured $ 95 million in its latest investment Series C funding this January. With the investment, Curve strengthened its leadership team and announced plans to open its first office in the United States.

Avatar
Jan Cerny
Jan is an innovation enthusiast and Fintech news reporter. He specializes in news distribution, social media, and content analysis.

Recent posts

Revolut secures US trading license and takes on Robinhood

Revolut has secured itself a US broker-dealer license and is now about to compete in the trading app market, according to CNBC.

Exclusive: Interview with Katral-Nada Hassan, YAP

Katral-Nada Hassan, YAP has provided Everly with an exclusive interview about UX challenges in the digital banking world

Curve finally launches its BNPL option

London-based FinTech Curve has entered the BNPL market with its new option called Curve flex which was already announced last year.

N26 is likely set to launch in Turkey

According to the Turkish-language service of “Bloomberg”, N26 is considering a launch in the Turkish market.