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Koop Has Announced $5 Million Round To Enable Web3 Communities and Creators

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Koop announced a $5 million dollar round to enable web3 communities and creators to raise funds using NFTs. 1confirmation and Variant Fund led the round, with participation from Palm Tree Crew, Day One Ventures, Ethereal Ventures, DeFi Alliance, Volt Capital, PearVC, DCF God, 0xmons, Cooper Turley, Balaji Srinivasan (ex-Coinbase CTO and a16z GP), and Liu Jiang (ex-Sequoia partner).

Koop enables any creator, collector, or community to organize and fundraise through NFT (non-fungible token) art or collector passes. Funds from collector passes form each community’s treasury (or bank) to back their projects and missions on chain. Communities can then directly manage their treasury, leverage the unique skills of their members, and govern their organization in a fun and social way.

Whether creators are launching a venture fund, producing a media arm or starting the next big clothing brand, Koop’s software standardizes how a community runs, monetizes, and grows in a web3 world. Currently, builders on Koop include Mems NFT, The Heart Project, 1confirmation, musicians with creator DAOs, and gaming guilds.

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