• Web3 Media Platform StoryCo Raises $6M Seed Investment to Create Decentralised Media Franchises

    Fast take:

    • The spherical used to be co-led by means of Collab + Forex and Patron.
    • StoryCo is launching its first tale universe, The Disco Ball.
    • The Disco Ball’s interactive narrative will spread around the StoryCo website, social media and real-world interactions.

    Web3 media platform, StoryCo, these days introduced the final of a $6 million seed spherical led by means of Collab + Forex and Patron. 

    The spherical used to be joined by means of outstanding names in artwork, media, video games, leisure, and era industries. They come with Floodgate Ventures, Blockchange Ventures, Sfermion, Flamingo DAO and angels Lloyd Braun, Sabrina Hahn, Packy McCormick, NFT influencer GMoney, and managers from Hollywood skill businesses UTA and WME.

    Along the investment announcement, StoryCo has additionally introduced the release of its token-gated storytelling platform the place fanatics and creators sign up for forces to construct media franchises and take part of their luck.

    Whilst maximum tales have an finishing, StoryCo says on its site that its tales “haven’t any finish and no barriers.” The platform’s first manufacturing is The Disco Ball, an interactive narrative written by means of Tale Architect Kyle Killen, the showrunner of Halo, Concern Boulevard: Section One – 1994, Conscious, and Thoughts Video games. The tale’s paintings is created by means of the artist duo shelby and sandy, who’ve over 500,000 fans on Instagram.

    Liberating at the StoryCo platform early this 12 months, The Disco Ball’s interactive narrative will spread around the StoryCo website, social media and real-world interactions. As the tale unfolds, the StoryCo network must decipher puzzles, uncover artifacts, and clear up quests. 

    To take part, network contributors can declare their Disco Ball StoryPass to assemble and earn virtual artwork associated with key tale moments and characters, culminating in an unique piece of uncommon virtual artwork that still provides them the precise to have an effect on the way forward for The Disco Ball tale. 

    “Traditionally, fanatics of probably the most well known tales and IP are regularly downplayed as mere customers, no longer as homeowners, collaborators, or assets of inspiration. That adjustments these days,” mentioned Derek Edward Schloss, Managing Spouse at Collab+Forex.

    StoryCo isn’t the primary platform to have effectively raised budget to provide decentralised media IP, despite the fact that it may well be the primary to combine real-world interactions into its IP’s narrative.

    Ultimate December, Shibuya, a Web3 movie distribution platform based by means of NFT artist Pplpleasr, raised $6.9 million in a seed spherical led by means of a16z and Variant. The platform permits filmmakers to create content material funded by means of fanatics as a substitute of Hollywood studios, and likewise permits customers to have interaction, fund, make a decision results and turn into homeowners of long-form video content material.

    Invisible Universe, an internet-first animation studio raised $12 million in collection A investment final August to release its first Web3 franchise, The R3al Metaverse, a community-driven NFT undertaking the place holders can affect the storytelling of the animated collection.

    Early final 12 months, Web3 animation studio Toonstar and 6th Wall, the virtual arm of Mila Kunis’ Orchard Farm Productions, introduced The Gimmicks, a community-driven animated NFT collection powered by means of Solana. The animated collection permits fanatics to take part in persona and storyline building the use of NFT era. Its 2d season used to be introduced at the Avalanche blockchain.

    Guests fascinated with StoryCo can enroll these days to sign up for the network, declare their StoryPass and get entry to pre-release content material.


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