CXIP Labs raises $6.5 million to launch NFT product suite for creators and businesses

CXIP Labs, a protocol aiming to fix common problems in NFT minting, raised $6.5 million in seed funding to launch a new product suite for creators, developers and businesses.

The new protocol Holograph, of which CXIP Labs will be the parent company, aims to make NFT minting and bridging more intuitive and cheaper, allowing NFT creators to create new works without extensive coding knowledge and for developers to bridge NFTs between blockchains easier. 

CXIP Labs was originally founded by intellectual property lawyer Jeff Gluck and sought to protect the copyright of NFT creators. The protocol then expanded to tackle NFT issues involving verification, data impermanence, fragmented royalties and high minting cost on Ethereum. CXIP's technology has been used to facilitate NFT drops from Sotheby's Metaverse and Nifty Gateway. 

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