News

Raoul Pal Launches A Web3 Business To Tokenize Pop Culture Following A $10M Funding Round

Raoul Pal launches a Web3 business to tokenize pop culture

After collecting $10 million in pre-seed investment, Real Vision CEO Raoul Pal has announced the founding of a Web3 tech business that wants to tokenize popular culture.

David Pemsel, the former CEO of Guardian Media Group, Kevin Kelly, a proponent of bitcoin and former hedge fund manager, and Pal newly founded ScienceMagic.Studios.

According to Pal on Twitter, investors like as Liberty City Ventures, Coinbase Ventures, DCG, Brevan Howard Digital, and others support the startup, which secured $10 million in pre-seed investment in June.

“Our mission is to tokenize the world’s largest cultural communities – music, fashion, movies/book/TV franchises and sports – utilizing non-fungible tokens, social tokens and metaverse to build community, utility, and experience,” he said.

The projected “$63 trillion of intangibles on global balance sheets of corporations,” according to the economist and investment analyst who is credited with foreseeing the 2008 mortgage crisis, is what ScienceMagic.Studios is aiming to tap.

“Tokenization turns brand and community into tangibles and shares the utility and network with the community. It is potentially the biggest change in business models in a very very long time,” Pal added.

Simply put, Web3 refers to the concept of a decentralized internet that relies on token-based economics and blockchain technology. NFTs are anticipated to be a crucial medium of trade in Web 3.

Despite the so-called “crypto winter,” venture capital companies invested $3.7 billion in Web3 projects in June, demonstrating the industry’s continued high level of interest.

“We advise and implement the creation of digital assets and web3 economies for brands, talent, and their communities,” ScienceMagic.Studios claims on its website. According to it, a “entirely new cultural economy” has been born.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Hazel

CoinCu News

Raoul Pal Raoul Pal Raoul Pal

Victor

Recent Posts

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

1 hour ago

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

2 hours ago

Decoding BDAG’s AMA: A Blueprint for Scalable Blockchain and Enhanced Community Ties

Explore key takeaways from BlockDAG’s AMA, showcasing strides in scalability, growth of the ecosystem, and…

3 hours ago

Best Cryptos with 1000X Potential: Qubetics Revolutionises Blockchain as Polkadot and Cosmos Shape the Future

Discover why Qubetics, Polkadot, and Cosmos are the best cryptos with 1000X potential, offering innovation,…

6 hours ago

Best Coins to Buy in December 2024: Qubetics Offer 630% ROI, Polkadot Delivers on Interoperability and Near Protocol’s Scalability is Talk of the Town

Explore the best coins to buy in December 2024—Qubetics with its thrilling presale, Polkadot’s interoperability,…

12 hours ago

Crypto Market Outlook 2025 Key Factors to Watch

The Crypto Market Outlook 2025 highlights key areas: stablecoin growth, tokenization, crypto ETFs, DeFi innovation,…

15 hours ago

This website uses cookies.