ICYMI: Crypto art collector PleasrDAO is raising $69 million
The art collecting DAO is looking to raise capital from external investors, after taking an undisclosed sum from a16z in December.advertisementA slide from the group’s fundraising deck, obtained by The Block, shows that it plans to add $69 million – categorized as an investment — to its treasury by February 2022.
Since then, PleasrDAO has collected other big-ticket items — all linked to what it describes as “culturally significant” ideas and causes,“Dubbed as an art collecting empire, the DAO is experimenting with novel concepts in digital and community art ownership,” reads a statement on PleasrDAO’s site. “Its members are exploring ideas such as fractionalizing iconic pieces to be distributed to, and owned by, the community.
Its members include dozens of DeFi founders, NFT collectors and digital artists. In December, venture capital firm a16z It’s unclear exactly how this is connected, if at all, to the fundraise — as the group’s total assets are only expected to grow from $83.6 million to $153.6 million after the deal has closed.
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