Lowenstein Sandler represented Woodstock Fund, an emerging technology investment firm focused on early and growth stage distributed ledger technology (DLT) startups and companies, in its most recent investment in Mintbase Inc. an innovative non-fungible token (NFT) platform.
The $7.5 million Series A funding round was also backed by Coinbase Ventures, Libertus Capital, Sino Global Capital, Animoca Brands, Fundamental Labs, Figment, TRGC, and others. Mintbase will use the funding to focus on the developers and entrepreneurs pioneering the new digital economy.
In addition to a Series A funding of $7.5 million, the non-profit NEAR Foundation will award up to $5M to support Mintbase’s new pass-through grants program to teams that want to build the next evolution of web 3.0 ticketing, music, and gaming platforms using the Mintbase developer infrastructure.
Lisbon-based Mintcase provides a global platform that allows anyone to create NFTs without worrying about technical complexities. Artists can create NFTs to sell digital art, musicians can use them for music, and event organizers can use them to sell tickets for their next event.
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Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.