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AC Ventures Invests in MADworld

Led by Animoca Brands, the NFT Marketplace has completed a $6M private token sale.

We’re excited to announce our investment in MADworld, a new NFT marketplace and NFT origination platform to be launching in Q1 2022.

MADworld, the Multiverse Artist Defender, announced that it has closed a $6 million private token sale of its UMAD token. The token sale was led by Animoca Brands with participation from industry veterans such as Master Ventures, SMO Capital, Libra Capital Ventures, Chiron Partners, Lotus Asset, AC Ventures, AVATAR; managed by Avalanche Foundation’s Asia team and Partners of Hive Ventures, among others.

Link to press release:

MADworld offers an NFT Origination Platform and NFT Marketplace which use blockchain technology to defend the artists, artwork, creators, and content that enter the untraversed multiverse. MADworld supports NFT minting to validate ownership and provenance of physical art, collectibles, and products and original content developed from live concerts, sporting events, artist battles, and other modes of creative expression. MADworld is designed to give creators complete control over their NFT strategy, supporting them by maximizing the income and impact from their intellectual property in perpetuity.

Robert Tran, the CEO of MADworld, commented: “We’re excited to have these strategic partners like AC Ventures participate in our private UMAD token sale and become part of the journey. They bring significant blockchain industry experience to the organization. This ensures we develop a strong go-to-market strategy and operating model, guaranteeing we achieve our goal of protecting creators as they enter the multiverse.”

Andy Cheung, Founder at AC Ventures, says: “We’re pleased to have MADworld as an addition to our portfolio and also our network of partners. Partners at AC Ventures are extremely impressed with the multi-talented developers and the level of experience MADworld team possesses. We will provide support and advice to expedite the project.”

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