Spark, a new and unique marketplace built on Avalanche for solving the problems of whitelisting and randomised minting in NFT drops, have announced the successful closure of their seed fundraising round. The raise was led by a roster of respected investment firms, including: Genesis Block Ventures, Magnus Capital, Alphabit Fund, Pluto Digital Assets, Moonrock Capital, Netzero Capital, Block Pioneers, J8 Ventures, Bluewheel Capital, and Contango.
Spark Co-CEO and Web3 entrepreneur Joshua Verheul commented on the fundraise, stating: “Spark’s successful raise is one a crucial step to take for continued development of our on-chain marketplace. I myself and the team are thrilled to contribute to solving some of the most pressing issues within the NFT launch space — something that we believe will benefit the ecosystem as a whole. We’d like to thank all of our strategic partners for helping us achieve our vision.”
To drive mainstream adoption and make the landscape as a whole more equitable for the crypto community, Spark is introducing Fair Prediction Launches (FPLs) to reimagine NFT drops. Spark sees opportunity, need and demand for an all-in-one marketplace platform which brings access, transparency, and efficiency to NFT drops through Fair Prediction Launches (FPLs); a proprietary mechanism whereby accurate predictions on future outcomes and events — such as floor price or trading volume — grant users allocation in upcoming NFT launches.
While FPLs are a cornerstone of the Spark offering, the platform won’t just launch NFTs and tokens; it’s a full, easy to use one-stop-shop for gaining allocations, earning staking and prediction rewards, and finding communities of like minded individuals. Through Spark’s metaverse integration, the Spark Hub will feature weekly and monthly prediction tournaments and guilds, which will introduce a competitive — and therefore more captivating — aspect to the prediction events which will form the cornerstone of the platform.
Marketing Lead at Spark Andre Caldeira was also excited about the seed round close, and commented: “I am very grateful for the chances the investment firms have given Spark. This seed raise will allow us to create the fair, fun, and interactive prediction events for the crypto community that we strive toward. The FPL mechanism of Spark is wholly new and unparalleled, allowing distribution of tokens in the most equitable and engaging fashion. We simply wish to bring more control and fairness to the NFT market, rewarding our members for their participation, and this fundraising milestone sets us up for success in achieving that vision.”
Spark has set numerous goals to support and advance the NFT community through the curation of a creative, transparent, and engaging environment. Spark’s founding ethos is about fusing creators together with community, in line with the principles of openness and transparency which blockchain was built on. The SPRK token and platform will be launching later in H1, and with it a new era of NFT drops will be launching as well.