?? Creative Tech News & Insights — Sep 20, 2024

From significant Creative Tech investments to the launch of a groundbreaking museum platform, this week’s news is packed with innovation and insights. Let’s dive in!

The 3rd week of September has showcased the potential of the Fall season in both investment and information, with notable growth observed in both areas over the past 7 days.

Investments of the Week

Mother Games, a NYC-based GameFi startup, secured $5 million in Pre-Seed funding, led by Lerer Hippeau, ShineCapital, and BoxGroup, all New York-based investors. Is Pre-Seed funding in Creative Tech reaching new heights? Absolutely — but only when combined with robust product development and a strong community of early adopters.

MORROR ART, a Chinese startup integrating display technology into speaker devices, raised $14 million in its Series B round, backed by 01vc and Haikong TianchengFund.

An identical sum of $14 million was also raised by Tokyo-based GAZAI, a company innovating in image generation solutions, anime, and cartoon design. The Seed round was supported solely by Asian investors, including ShinyChemical Industrial and PKSHA Capital.

What links these three successful investment cases? The delivery of tangible products to customers now, rather than long-term promises.?

Reports of the Week

The Trend Report 2025 from TrendHunter offers valuable insights into Creative Tech across sectors such as Art, Design, Fashion, and general Culture, in addition to its global outlook.

Starting in 2024, ArtTactic will add the HISCOX Art and AI Report to its publications, focusing on the intersection of artificial intelligence and fine art. The first edition features a comprehensive timeline of AI adoption in the arts, along with top sales rankings and collector survey results.

Before Fall fully settles in, dive into the NFT Industry Report Q2/2024 by MarketsAble — a dynamic, forward-thinking NYC-based agency delivering insights on transformative technologies shaping the future of various industries.

Startup of the Week

The Museum Data Service (MDS) — a digital platform aimed at consolidating 100 million object records from collections across the UK — was launched last week. This initiative, a collaboration between the art education charity Art UK, the Collections Trust, and the University of Leicester, is funded by Bloomberg Philanthropies and the Arts and Humanities Research Council. Its goal is to provide a single platform for museums to store and share their object records in a uniform format. Will this academic approach succeed where others, like the self-proclaimed 'Shazams for Art', have failed?

Web2 & Web3 Collaboration of the Week

Fair Warning Auction House, known for its exclusive 'high-end pocket auctions', has ventured into digital art. It announced the sale of “Autoglyph 30” — part of a limited series of 512 NFTs by Larva Labs, creators of CryptoPunks. Can this private auction model breathe new life into the NFT market, outpacing the traditional 300-year-old auction houses?

Meanwhile, we've created a summary of the Creative Tech Forum 2024, held by ZCCE in partnership with Fuelarts at ZHdK, Zurich, Switzerland. This article, illustrated with captivating real-time sketches by Berlin artist Katrina Günther, captures the spirit of a forum where innovation meets emotion. Share in our excitement and learn more by reading the article!

READ THE ARTICLE

MORE CREATIVE NEWS

Electronic Arts Embraces Generative AI

Solana Unveils New Seeker Device

Puma Partners with Web3 Mobile Game

Collector Scoops a Rare CryptoPunk