afterparty

afterparty

Courtesy of Afterparty.

Web3 startup Afterparty has raised $4 million to launch an NFT-based ticketing platform for live events, with plans to use its Utopian NFTs as event tickets after a trial run at a Las Vegas music festival last month.

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Illustration by Ian Hurley

In Los Angeles—like the startup environment at large—venture funding and valuations skyrocketed in 2021, even as the coronavirus pandemic continued to surge and supply chain issues rattled the economy. The result was a startup ecosystem that continued to build on its momentum, with no shortage of companies raising private capital at billion-dollar-plus unicorn valuations.

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The founders of Afterparty see themselves as on the forefront of a so-called "Web 3," a reimagined internet that relies less on private intermediaries like Google and Facebook, and enables more direct connections between creators and their fans through the blockchain.

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