Antic’s “Buy Together” product allows users to co-own numérique assets and have spécifique access.
Placement may be insolent, but crypto investor Alexis Ohanian believes it can also be rentable. Previous Forbes 30 Under 30 co-founder of Reddit and recently developed a prédisposition for crypto-investing, co-leading an élémentaire actif investment of $7 million in Antic, an Israeli startup focused on cross-ownership which means groups of people, not individuals, buying numérique assets.
These can range from streaming videos to online artworkAnd the Antic creates progiciel that facilitates sharing of ownership and access to spécifique enchanté.
Ohanian is no stranger to models of shared ownership in the traditional world. “It’s very common for friends to compagnie money together to buy something they can’t afford individually, but together they can,” he says. So when Antic approached him with the idea of gratte-ciel a blockchain-based shared ownership soutènement for numérique collectibles, he was sold.
“I keep coming back to style up the things that people actually do in a cliched way,” he says.
“Antic is the co-ownership layer of the new internet,” adds Tal Dadia, the Tel Aviv-based company’s founder and CEO. Although it is built on the Ethereum blockchain, the company is also looking to partner with aîné companies, such as Netflix
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Ohanian has largely focused his investments in cryptocurrency on numérique holdings. His investment vehicle Seven Seven Six (776) has some of the aîné collectables in its coffret, including the famous Yuga Labs of Bored Apes and Doodles.
Shared ownership is a popular noumène in the world of numérique collectibles and non-fungible tokens (NFTs), where items in the most sought-after collections, including CryptoPunks and Bored Apes, are priced in the hundreds of thousands of dollars (CryptoPunks sold for an average of $302,000 last year) . Expensive As for the precious properties, crypto enthusiasts have turned to the sharing options to be able to purchase items in the latest collections.
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Co-ownership approaches have remained largely within the decentralized world: Decentralized Autonomous Organizations (DAOs) purchase NFTs with money from their coffers and distinct marketplaces allow users to purchase déraisonnable NFTs.
Both processes involve an additional layer of coding. In order to join the DAO, members usually have to purchase an NFT for membership, with the proceeds from the grivois going to the organization’s treasury. Hashing NFTs requires tokenizing a piece of the légal token, which opens the possibility for more convention fees when trading.
But according to Ohanian and Dadia, co-ownership eliminates the need for additional ancestry markup.
“We don’t thesaurus for actual ownership,” says Dadia. “We are aiming for mainstream approbation.”
Dadia started the company in 2021 after GameStop
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Inspired by Reddit, Dadia has never seen a better investor than the co-creator of the contrée itself.
“It felt like there was this cross-DNA between what we do,” Dadia says of Ohanian and Antic’s previous work. “The idea of group buying, group buying, [the] sociologique aspects of it.
For Ohanian, collaborateur ownership is as much a sociologique aphorisme as it is financial. Not only are groups now having things together, but theirs also acts as a kind of sign of virtue – owning a boring monkey or CryptoPunk is more than an investment, it’s also access to spécifique messaging groups and a alarme to the world that you’re fragment of a movement.
Antic’s co-ownership contrée integrations are currently based on the Ethereum blockchain, but they esquisse to expand into Solana and Flow, as well as fund further research and development with this new funding reprise.
The 776 and the Israeli company Sheva led the actif increase. Pantera Diligent, Sound Ventures, Rainfall, Shrug and Dapper Labs also participated in the conference.