NFT platform Bonfire is out of beta with $6.2 million in funding
A new Web3 platform is burning strongly. Campfirewhich has emerged from beta and raised 6.2 million dollars of seed funding, helps creators launch NFTs and social tokens.
Bonfire allows its partners to create custom, Web3-integrated websites where tokens act as the de facto currency. Through Bonfire, any content is “token gate-able” and creators can engage fans through NFT drops, contests, exclusive releases and more.
“Over the past year, we’ve been building with and listening to creators, and hearing their frustration about the lack of easy-to-use tools to integrate one’s community into web3 and build rich experiences for collectors,” a Bonfire blog post says. “This is why we built Bonfire – the simplest and most powerful no-code platform builder for creators and their communities. We create tools to help creators build custom websites for their communities, integrated with their digital assets and content.”
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As Bonfire takes its next steps, it opens itself up to all interested users. NFT-curious creators can sign up on the company’s website. For 48 hours after the platform’s public launch, a commemorative NFT will be free to mint.
Although Bonfire’s official launch is happening now, the company has already had a busy beta period. It has worked with groups such as Portugal. The man and Odessa to launch tokens that gave exclusive benefits to bands. The latter band rolled out an NFT All-Access Pass that gave free tickets to stops on the tour. Bonfire has also worked with Web3 native artists, such as Daniel Allan, on NFT drops. Outside of music, Bonfire has worked with podcasters such as Adam Levy.
Now, Bonfire invites creators and brands to take control of their work by establishing pages powered by digital ownership. The young company believes that the creators of Web3 will act more like platforms, and it wants to provide the infrastructure through which these platforms are built.
Bonfire also has many friends in the venture capital world. The 6.2 million it has raised so far includes contributions from NEA, Variant Fund, Palm Tree Crew Crypto, Libertus Capital, Collab Currency, Pear VC, Coinbase Ventures, Not Boring Capitaland Seed Club Venturesas well as angel investors like Cooper Turley, Lenny Rachitsky, Maya Bakhai, Trevor McFredriesand Cuy Sheffield.
