Blockchain Startup Bitmark Launches Autonomy NFT Wallet and Raises $5.6M

Blockchain Startup Bitmark Launches Autonomy NFT Wallet and Raises $5.6M

The brand new chain-agnostic NFT wallet will be supporting NFT art from Ethereum and Tezos blockchains.

Bitmark, a popular blockchain startup, has recently rolled out its new interoperable non-fungible token (NFT) wallet dubbed Autonomy which will allow traders to display their collections.

According to the official announcement issued on July 6th, the firm also raised $5.6M to scale Autonomy and expand its other product Feral File, a platform allowing people to display their virtual exhibitions.

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The fundraiser was led by North Island Ventures and Galaxy Interactive, as well as prior Bitmark investors such as HTC, Digital Currency Group, WI-Harper, Cherubic, Alibaba, Charles Huang, and Ed Moncada.

Autonomy, a platform compatible with Ethereum (ETH) and Tezos blockchains, is currently available on Android and iPhone devices. With the new NFT wallet, users will be able to fully delve into their NFTs by creating their own home galleries and uniting art collections between platforms, as well as activating full property rights in the near future.

Sean Moss-Pultz, the CEO of Bitmark, has noted that the digital art industry is still in its early age, as there is a significant lack of the ways in which NFT collections could be represented. He added:

“I think in the next year or two, we're going to see a ton of innovation in space. The reason that I strongly believe this is I know of a number of larger display manufacturers that are making dedicated, really beautiful panels just for displaying digital art.”

Bitmark, founded in 2014, is a Taipei-based startup making "individuals their own gatekeepers." The firm was also named a 2020 Technology Pioneer by the World Economic Forum (WEF).

Bitmark has raised a total of $10.3M in funding, with its latest round in 2016 raising $1.7M led by Cherubic Ventures.

Gyth L. - Crypto Analyst

by Gyth L. - Crypto Analyst, BitDegree


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