Web3 video platform Shibuya completes $6.9 million funding, led by a16z Crypto and Variant, with participation from Joe Tsai and others

2022-12-08 22:31:48

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ChainCatcher news, the Web3 video platform Shibuya launched by digital artist Emily Yang announced the completion of a $6.9 million funding round, co-led by a16z Crypto and Variant, with participation from celebrities such as Paris Hilton and NBA star Kevin Durant, Alibaba co-founder Joe Tsai, and Aave founder Stani Kulechov. The platform's valuation in this funding round reached $50 million.

Shibuya aims to leverage Web3 services to help filmmakers raise funds and distribute films through fans, moving away from the Hollywood production system. The platform is described as a "combination of Netflix and the crowdfunding platform Kickstarter." (fortune crypto)

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