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Bitmark Has Announced Their Raise of $5.6 Million To Launch NFT Wallet

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Bitmark announced on Twitter that they have successfully raised $5.6 million to launch a new NFT wallet named “Autonomy”. Bitmark stated that their new product will hopefully help bridge the gap between mainstream art collectors and the world of NFTs. Galaxy Interactive and North Island Ventures led the funding round. The company’s last round of funding came in 2016 when it raised $1.7 million – led by Cherubic Ventures.

Sean Moss-Pultz, co-founder and CEO of Bitmark Inc., started the company in 2014 with the aim of building tools for individuals to have “safety and independence in their online lives”. Launched in 2016, the Bitmark Protocol provides a universal way to own and interact with digital assets and data. 

Bitmark has worked with businesses and creators across life sciences, music, and art. Notably they collaborated with Casey Reas to launch Feral File – a hybrid between an online gallery, marketplace, and publisher of artist NFT editions. This year, they have released “Autonomy”, described as a cryptographic tool to collaborate around digital assets and data without the need for trusted third parties. 

The platform is now available on mobile devices and is currently compatible with Ethereum and Tezos blockchains, though the company plans on adding more integrations in the coming months. Additionally, the wallet apparently works in tandem with the company’s other product Feral File.

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