Premier NFT Market MakersPlace Raises $30 Million From Former Sotheby's CEO, Eminem And Bessemer

MakersPlace

At the time, MakersPlace was a barely three-year-old company, the brainchild of Pinterest employee number one Yash Nelapati, fellow Pinterest employee Dannie Chu, and Ito. They had a little over $2 million in seed funding, a relatively small amount for a software company. Beeple—and, to an extent, Christie’s—blew them up. Former Sotheby’s CEO Bill Ruprecht decided to invest.

“You can’t imagine a future where you’re going to have more and better digital art, and more people creating, if you don’t create an economy for these people,” says Chu, CEO of the invite-only platform, whose policy of taking a 15% cut of artists’ and creators’ revenue has generated over $100 million in sales volume, and about $15 million in revenues a year.

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