The protocol is looking to develop its products further
The funding round was led by Delphi Ventures. Other investors included Solidity Ventures, Solana Ventures, Huobi Ventures, SolarEcoFund, SkyVison Capital, NGC, Infinity Ventures Crypto, CoinUnited, Ausvic Capital, Prometheus Labs, GSR, Banter Capital, Ox Ventures, and others. The project plans to use the money to develop further its additional products, such as their open NFT marketplace SolSea and its virtual exhibition platform VR-All-Art.Jeremy Parris of Delphi Digital explained the reason why they are invested, stating, "ALL.ART Protocol consists of a team of seasoned veterans who have the vision and expertise to bootstrap an ecosystem that will unlock the next wave of innovation in the Solana community. Through SolSea and the NFT-PRO standard they introduce, they'll help to usher in more utility and innovation for all creators in the space, which will help pave the road towards the Metaverse. Through their network and what they've already proven and delivered, they are positioning themselves to be leaders in the NFT space."
What is ALL.ART?
ALL.ART Protocol is building this infrastructure layer on top of the Metaplex NFT standard to handle the new metadata requirements. According to them, they "facilitate the transformation while working for various industries, starting with arts and culture, to replace the traditional way of doing business and put more power in the hands of creators."ALL.ART is an ecosystem that aims to improve the way users create and interact with NFTs, helping stakeholders transform their businesses. The project started with the NFT-PRO standard, which includes licensing rights for NFTs, and has launched a new type of minting on SolSea, their open NFT marketplace on the Solana blockchain. Another product of the AL.ART ecosystem is VR-All-Art, a platform that allows users to enter a metaverse of virtual galleries and museums as avatars and purchase NFTs in virtual exhibitions. Next, they look to develop new liquidity protocols for NFTs.
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