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What do Ashton Kutcher and Mark Cuban‘s back startup do?

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Ashton Kutcher and Mark Cuban have invested in a Web 3.0 platform recently that focuses on selling NFTs or different types

On Wednesday, a platform was launched by the name Ink, which got the backing of some prominent personalities like American actor and entrepreneur Ashton Kutcher and another billionaire entrepreneur Mark Cuban. the Web 3 platform which will focus on allowing artists and creators to create, draw, sign or write on any digital content form into NFTs or non fungible tokens. 

The marketplace of Ink’s NFTs will act in a way that will allow artists on the platform to turn any of their content into digital tokens by signing any photo digitally, album cover, or any social content like an Instagram post, Youtube, or TikTok video, etc. These digital tokens then can be bought, traded, and sled again by fans with a price value of under $50 on the marketplace. 

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Founder of Ink marketplace, Max Barody, said that the existence of signatures is such that it makes things non fungible visually. On the other hand, non fungible tokens make things statistically non fungible. He said that ink NFTs are the future autographs. 

The platform’s launch kicked off with an Ink Drop of the famous actress and singer Lexi Jayde, while Ink has plans for more upcoming collaborations with many artists, tours, and music festivals. Fans who would use Ink’s platform would not need any prior experience in Web 3 or any digital wallet to access the NFTs. Instead, they can use a debit or credit card inside the Ink marketplace. 

The users with more experience can move or export their purchased NFTs to other marketplaces like OpenSea, LooksRare, etc. The value of those NFTs has such growth potential as the artist might not sign more such editions of the same digital content once the piece is sold out. 

The NFTs marketplace startup Ink has raised a funding of around $1.5 million in its pre-seed round. There was Mark Cuban, Sound Ventures of Ashton Kutcher, Betaworks Ventures, and Lupa Systems among early investors. 

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