Generative art platform fxhash raised $5 million of seed funding in a round led by early-stage web3 investment firm 1kx. 

Additional participants included Fabric Ventures, Bright Opportunities DAO, Union Square Ventures, the Tezos Foundation, Tane Labs, Daedalus, Everyrealm, PunkDAO, KRPDM, Casey Reas, Thefunnguys, Lemonde2d and Gus Lee.

"To date, fxhash has been entirely self-funded/bootstrapped," fxhash COO Paul Schmidt told The Block. "We have scaled the platform to this point solely through revenue from our artist and collector-friendly, industry-low platform fees." 

The company intends to use the funding to grow its team, as well as to launch a major platform upgrade in the next six months that integrates Ethereum minting.

Tezos-based platform

“We believe that art is …