TL;DR Breakdown
- Concept Art House appoints the Chief Business Officer of Dapper Labs as the new Head of Board.
- The firm also raised a whopping $25 million after investing from leading firms.
Concept Art House is a huge firm in the art industry and is known for teaming up with Activision, Supercell, and Kabam to develop its art expertise. The firm announced that it has successfully raised around $25 million after an investment round in a recent announcement. Furthermore, the firm has also appointed a new Head of Board.
The Chief Business Officer for Dapper Labs, Mik Naayem, will be joining as the Head of Board of Directors of Concept Art House. Dapper Labs is a renowned name in the world of NFT. Having partnered with LaLiga and released CryptoKitties, the firm has achieved a lot. The involvement of Dapper Labs with the art firm will benefit the latter in the longer run.
Concept Art House looking to dominate the NFT industry?
Concept Art House has produced some of the most memorable artworks for various games. It would be natural for the officials at the firm to be attracted to the popularity of the NFT industry. The NFT industry has presented lucrative opportunities to both investors as well as digital creators.
In the funding round, the firm raised $25 million via Gala Games, Animoca, Protocol Labs, Fabric, Hashkey, Liberty City, and other prominent names across the private sector. This fund will be used to enhance the content and establish the dominance of Concept Art House in the NFT industry.
The popularity of non-fungible tokens has spread to celebrities like The Weeknd, Katy Perry, DJ Paul Oakenfold, Mila Kunis to huge firms like The Associated Press and TIME Magazine. Therefore to capitalize on the moment, Mik Naayem will now be joining the Board of Directors at Concept Art House.
There are new opportunities open for the firm as major institutions have invested in the firm and now, with the inclusion of Dapper Labs, it seems that the sky is the limit for the Concept Art House. Back in the month of May, the firm introduced its Crypto Art House division and now, continues to grow at a steady pace.
