The Berlin-based company FUEL has today announced that they have raised €1.5m to become “Shopify for NFTs”, enabling creators of all levels and skillsets access tools that allow them to build their own custom branded crypto-asset shop without any technical knowledge required.
FUEL, founded by Csongor Barabasi, Thanh Binh Tran, Stefan Tietze and Patrice Deckert, is aiming to bring NFTs further into the mainstream – in the hands of millions of creators and their fans.
“Even though we see growing adoption, NFTs are still in an early phase. Currently, the barrier of entry for creators is very high. The market has outgrown the basic sales functionality of aggregation platforms like OpenSea, and creators need more tools to succeed in the next phase”, said Barabasi.
The company is already working with “Tomorrowland-DJs Mat.Joe and several other yet-to-be-announced top artists and labels, aiming to launch several NFT drops in the next couple of weeks”, Tran adds.
Alan Samson