Leisure large Fox has made a strategic funding in Berkeley, Calif.-based Eluvio to “speed up the adoption of Eluvio’s blockchain/NFT platform” throughout the leisure business.
- Phrases of the deal weren’t disclosed, however Fox mentioned its funding marks the completion of Eluvio’s Collection A spherical that values the corporate at $100 million.
- Eluvio Content material Material is a blockchain community “for owner-controlled storage, distribution, and monetization of digital content material at scale,” the businesses mentioned in a press launch.
- As a part of the deal, Eluvio, which was began in 2019, will present the know-how platform for Blockchain Inventive Labs, FOX Leisure and Bento Field Leisure’s lately launched NFT enterprise.
- Paul Cheesbrough, Chief Know-how Officer and President of Digital for FOX Company, will be part of the board of Eluvio.