Jay-Z’s Marcy Venture Partners Joins $19M Funding Round for NFT Platform

LONDON, UNITED KINGDOM - JULY 13: Jay Z performs as he headlines the main stage on day 2 of the Yahoo! Wireless Festival at Queen Elizabeth Olympic Park on July 13, 2013 in London, England. (Photo by Samir Hussein/WireImage)

Jay-Z is hopping into the world of NFTs, as the mogul and his Marcy Venture Partners have joined a $19 million funding round for an NFT marketplace called Bitski.  NFT marketplace Bitski, which describes itself as the “Shopify for NFTs,” revealed on Thursday (May 6) that Jay-Z’s Marcy Venture Partners are included in the list of investors who pumped $19 million into the company. The team of investors also includes Roc Nation co-founder Jay Brown, Troy Carter, 3LAU, and more.

New investors for Bitski also include Marcy Ventures, Metapurse, Andrew Gertler’s AG Ventures, Trevor McFedries (Creator of Miquela); Night Media (MrBeast), Serena Williams, Wendi Murdoch, in addition to senior executives at TikTok, Snapchat, Twitter, 100 Thieves, Adobe and even more.

The aim of Bitski is to provide a more simple platform for brands, game developers, and consumers to create, buy and sell digital goods in one space. The start-up is based out of San Francisco and has been pushing forward for the last two years and has invited brands, game developers, and everyday fans to create, sell, and purchase NFTs on its platform.  Bitski is offering a free trial to the platform, one that presents three different tiers on the platform ranging from $99 to $1,499 per month.