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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.

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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.

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

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