Gwyneth Paltrow Participates in Funding Round of Web3 Platform Wild

Wild, a digital art-focused Web3 platform, has raised $7 million in seed funding in a round led by venture capital firm Matrix Partners.

Actress Gwyneth Paltrow, LinkedIn co-founder Reid Hoffman, Twitch COO Kevin Lin, and American rapper Snoop Dogg under his pseudonym Cozomo de’ Medici have also contributed funds.

The platform was founded by Douglass Kobs and aims to bring artists together to create and release non-fungible tokens (NFTs).

To assist the artists, Wild will offer a course on NFTs taught by leading experts. Additionally, Wild Oasis, a membership subscription, will give its holders early access to auctions and a customized discount program.

The 1,000 passes, minted as NFTs, are split between the artists who tested the platform, consultants, investors, and the founding team, with 300 already distributed.

The funds will be used to develop the platform’s infrastructure and finance project participants.