Crypto Art Platform Outland Secures $5M In Its First Seed Round Led by OKG Ventures

Outland, a new crypto art platform based in Los Angeles, has raised $5 million in its first seed round, which will take place in March 2022. IMO Ventures, Dragon Roark, and JDAC Capital have all invested in the rising Web3 cultural leader, led by OKG Ventures.

Outland, which was launched in February 2022, has gotten a lot of attention from both crypto tech and traditional art audiences throughout the world. Elemental, the platform’s first project, is a series of NFT works by Fang Lijun, a well-known Chinese contemporary artist. Elemental has amassed over 4,000 ETH in primary and secondary sales and has maintained a steady position in OpenSea’s top charts since its introduction, making it one of the most eagerly awaited NFT projects of 2022.

Outland launched a significant NFT collaboration with American artist James Jean in April 2022. Jean, a cult artist, developed a PFP collection of 7,000 editions that sold out in five minutes during the public sale, netting 3,700 ETH in total.

On the future website, the second wave of James Jean’s cooperation with Outland will be released. This will be the first time in history when a series of narrative, iterative, and interactive NFT works build their own cinematic universe.

In July 2022, Outland will display 3FACE, the first large-scale NFT project by famous New York-based artist Ian Cheng, who has had solo exhibits at the Serpentine Gallery in London and MoMA PS1 in New York, as well as participation in the Venice Biennale.

Outland will continue to increase its influence as the first NFT platform formed by curators, critics, and specialists from art institutions, thanks to its international vision and foresight. Outland establishes a standard for collaboration possibilities within Web3 culture through its leadership and support of artists from all disciplines.