Reports said that nonfungible token (NFT) artist pplpleasr’s Shibuya Streaming Service has raised $6.9 million with a recent round of seed funding.
It has been reported that the Web3 content platform has already produced 7 minutes of high-quality animated film through its series “White Rabbit,” and raised over $1.5 million from NFT sales. Shibuya is looking to increase its pool of creators and developers to bring fans access to a wider range of content.
However, Shibuya launched in March of 2022. It has seen major traction in the few months that it has been around. This seed funding is no different, as Shibuya picked up celebrity investors such as Kevin Durant and Paris Hilton.
The report said that it sounds like Shibuya is aiming to be a better version of Netflix. With all of the tools of Web3 at its disposal, the new streaming platform features built-in decentralization and utilizes blockchain to distribute content. Also, the platform aims to empower creators to monetize and give fans a deeper connection to the stories they love.
Likewise, pplpleasr is behind the project that is bringing Shibuya to audiences across Web3. Known for elaborate anime and intricate images that feature the stars, pplpleasr’s art has always invoked the feeling of being able to do more with the technology Web3 affords. It is no surprise, then, that the self-described “high quality meme generator” is creating a platform that empowers artists and audiences to dream of new connections.
Thus, with Shibuya, pplpleasr is betting big on the future of content. Specifically, Shibuya is making the case that content should be decentralized and monetized. Not only that, the platform makes it possible for creators to engage with their audiences in novel ways. With $6.9 million in seed funding, pplpleasr has the backing to do some incredible things with Shibuya.
Source: NFT Evening