FUEL raises $1.67M to offer musicians, creators no-code ‘Shopify for NFTs’

Berlin based FIUEL has raised $1.67M to offer musicians and other creators a Shopify for NFTs. Their pitch is simple and appealing:

“The most easy to use NFT platform for creators and brands. Launch within minutes, manage with ease!”

FUEL will enable creators to build a custom-branded NFT shop without any technical knowledge required enabling creators to launch, manage and grow their NFT collection using an array of integrated tools.

“Last year, $25 billion worth of NFTs were traded globally, up from $95 million in 2020, and artists like Steve Aoki, Nas, Grimes, and brands like Lamborghini entered the space,” said Stefan Tietze and Patrice Deckert, Co-Founders of FUEL, “ The art establishment also sees value in the space, with brokers like Sotheby’s entering the market.”

First Drops

FUEL is already working with Tomorrowland-DJs Mat. Joe and several other yet-to-be-announced major artists and label. They plan to launch several NFT drops over the next few weeks.

Investors

This pre-seed round attracted major players including NYC-based FintechCollective = a shareholder of OpenSea, London-based Seedcamp (investors in Sorare, Hopin and Revolut) and Notion Capital. Individuals joining the round include Bitstamp CTO David Osojnik, Gumtree Co-founder Michael Pennington and Indeed founder Paul Forster.