PleasrDAO is Seeking $69M in Funding at a $1B Valuation
This article comes fromThe Block, original author: Ryan Weeks
Odaily Translator | Nian Yin Si Tang
Summary:
This article comes from
, original author: Ryan Weeks
Odaily Translator | Nian Yin Si Tang
secondary title
Summary:
- Crypto art collecting platform PleasrDAO is seeking fresh funding from outside investors after receiving an undisclosed investment from a16z last December.- According to a document obtained by The Block, PleasrDAO expects to close a $69 million funding round by February.Encrypted art collection platform PleasrDAO is currently seeking $69 million in funding.
A slide from the PleasrDAO fundraising platform obtained by The Block shows that the organization plans to add $69 million in funding (classified as investments) to its Treasury by February 2022.
The organization is a DAO,wroteEstablished in March 2021
At that time, its members invested 310 ETH (approximately 505,000 US dollars) to purchase an NFT of a Uniswap animation advertisement. Created by artist pplpleasr, the ad depicts a pink unicorn heading towards an oasis with an ethereum logo.Since then, PleasrDAO has amassed other high-value items — all related to what it describes as “culturally significant” ideas and causes, according to its website.。
"As an art collecting empire, the DAO is experimenting with new concepts of digital and community art ownership," a statement on the PleasrDAO website
wrote, “Its members are exploring ideas such as fragmenting iconic works, distributing them to the community, and owning them.”In April last year, Edward Snowden's first NFT work, Stay Free, was auctioned on the Foundation platform.
PleasrDAO successfully won the auction with 2224 ETH (approximately 5.47 million US dollars)On June 11 last year, PleasrDAO purchased the Dogecoin-inspired image NFT for 1696.9 ETH (worth about $4 million) on the auction site Zora.PleasrDAO Buys Another Wu-Tang Clan Album Held by Martin Shkreli for $4M
. It is reported that unscrupulous pharmaceutical tycoon Martin Shkreli once bought out the legendary hip-hop group Wu-Tang Clan's solitary album "Once Upon A Time In Shaolin" for US$2 million. When Shkreli was sent to prison in 2018, the album was confiscated by the federal government, which kept it until early last year before selling it in July.
It is understood that PleasrDAO members include dozens of DeFi founders, NFT collectors and digital artists. Last December,
Venture capital firm a16z announces investment in the organization
, but did not disclose the size of its investment, but TechCrunch reported that it holds less than 5% of the DAO’s governance tokens.
