Entertainment company Mad Realities raises $6 million to create decentralized media
04/25 13:14
According to TheBlockCrypto, Mad Realities, a new media company, raised a $6 million seed round to become a decentralized entertainment platform that lets viewers own and co-create TV shows based on the non-fungible tokens (NFTs) they hold.
The seed round was led by Paradigm, with participation from funds Maveron, Long Journey, and Paris Hilton’s 11:11 Media. Individual investors included Bumble chief brand officer Selby Drummond, co-founders of crypto social club Friends with Benefits Trevor McFedries and Alex Zhang, Syndicate co-founder Will Papper, and others.
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