Sustainable tech firm OneOf has reportedly managed to secure $63 million via seed funding, to financially support its new Green NFT platform dedicated to musicians. 

Specifically, the seeding round reportedly saw the participation of numerous investors and venture capitalists, nominally Bill Tai, Sun Said of Nima Capital, Sangha Capital, Tezos Foundation, Jack Herrick, and Jaeson Ma of East-West Ventures, showing signs that the market for nonfungible tokens still not slowing down. 

OneOf – developed on the Tezos protocol – reportedly functions as a marketplace devoted to artists and fans, offering a gateway into ital collectibles.

The firm reportedly revealed that the Tezos-based minting process of NFTs brings down the required energy to more than 2 million times; compared to top-tier networks such as Ethereum. 

Artists who reportedly plan to conduct the minting job of NFTs on Tezos do not have to pay for any listing fee, with users having the freedom to pay for their collections in more than 135 fiat currencies.

OneOf further disclosed that a part of its sales will reportedly be directed towards environmental causes or a charity of the artist’s choosing. Artist Doja Cat shared her enthusiasm in collaborating with OneOf, regarding the simultaneous handling of accessibility and environmental problems. 

“Blockchain has the ability to democratize ownership and bring economic empowerment to both artists and fans. We are building a technology company with an artist-first ethos and eco-conscious mission to help introduce hundreds of millions of non-crypto native users to the blockchain through easy and exciting use cases such as NFTs.” Lin Dai, co-founder and current Head of OneOf, reportedly remarked.