Web3 art platform Wild raises $7 million in seed round led by Matrix Partners

Quick Take

  • Web3 art platform Wild raised a $7 million seed funding round led by Matrix Partners.
  • LinkedIn co-founder Reid Hoffman and Twitch co-founder Kevin Lin took part in the round, which closed late last year. 

Web3 art platform Wild raised a $7 million seed funding round led by Matrix Partners.

LinkedIn co-founder Reid Hoffman and Twitch co-founder Kevin Lin also took part in the round, which closed late last year, said Wild founder and Chief Executive J. Douglass Kobs in a written interview with The Block. The startup declined to share its valuation. 

Kobs, who previously founded proptech firm Apartment List, is aiming to create a platform where artists building with blockchain can be supported while fans and collectors can easily access creator-made collections. Part of this includes the Wild Residency, an application-based virtual residency program where artists are paired with advisers over 12 weeks for a crash course on creating NFT art. At the end of the program, the artists release collections, sold via auction on the platform. 

"Expecting an artist to be able to do it all on their own is a lot — from creating the work itself to promoting it, marketing it, branding it — there’s so much that goes into creating work and being able to leverage the experience, knowledge and network of fellow artists is invaluable," said Kobs, noting that those new to the space can find it overwhelming. 

Along with the residency, Wild offers an NFT membership pass named Wild Oasis which grants holders early access to artist drops and auctions at fixed floor prices. While 399 of those 1,000 passes have been minted so far, the first 300 were distributed to artists taking part in its inaugural residency cohort, advisers, investors and the founding team. 

The startup will use the funding to further build out its residency and invest in infrastructure to power its experiential art. Many of Wild's collections can be accessed through in-browser experiences without needing to connect a wallet. 

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