Curve launched NFT auction to support theaters

London-based Fintech Curve has decided to raise money in an auction of five Curve-themed NFT’s to support London’s theaters.

NFTs (Non-fungible tokens) are cryptocurrency tokens with certified ownership and are experiencing a huge boom at the moment. NFT is a digital file using blockchain technology.

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It is possible to view the images online but a person with an interest of buying must connect an Ethereum wallet to enter the bidding.

The Curve NFT’s are on sale on crypto marketplace Rarible.com until 19 April.

About 40 % of theatre and art workers from London have been made redundant since the start of the pandemic a year ago.

“In 10 months, and since the UK’s first lockdown, the Theatre Support Fund+ has helped thousands of workers in the industry who have had no, or limited work, since theatres shut over a year ago,” the fund’s co-founders Damien Stanton and Chris Marcus said. 

“Through partnerships such as this, we will be able to support those artists further, until the industry can be back making theatre again.”

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Curve’s founder and CEO, Shachar Bialick, says: “The theatre community is part of what gives London its vibrancy and diversity, a combination that made Curve choose the UK capital as our HQ”

“I am proud that Curve is working with Theatre Support Fund+ on one of the first examples of using digital art to make a tangible difference to society. NFTs hold genuine promise to change how we think about art ownership and enjoyment as a purely physical experience,” he added.

Curve secured $ 95 million in its latest investment Series C funding this January. With the investment, Curve strengthened its leadership team and announced plans to open its first office in the United States.