Web3 platform Shibuya Raised $6.9M in Seed Funding Round
Summary
The platform is planning to expand its team and along with onboarding the creators to launch additional original video series.Web3 is basically an idea for a new iteration of the World Wide Web. The term Web3 gained the interest in 2021 by cryptocurrency enthusiasts, tech-giants and venture capital firms.On Dec. 8th, Shibuya, a blockchain-based film platform, owned by Emily Yang announced its seed funding. It has also gained the attention of celebrity investors like Paris Hilton and Kevin Durant.Emily Yang, the young digital artist has made a name for herself with vibrant NFT works. The NFT work then went viral among the crypto community and has also appeared on the cover of Fortune.She is also known as pplpleasr, and now upgrading her ambitions as she shared about her further plans. She wanted to build a web3 service that will allow the filmmakers to finance and distribute movies by depending on fans, instead of the Hollywood Studio System.Content in Web3 right now is just bad, pplpleasr told.
Funding
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