Velvet Sea Ventures and 01 Advisors were venture capitalists led by operators. They invested $100 millions in Pixel Vault, which is a vast collection of nonfungible tokens that includes superheroes. Together, they launched Pixel Vault Inc., a rebranded entertainment company with multi-franchise, nonfungible tokens.

Pixel Vault says the venture’s goal is to use NFTs to create stories about crypto-native communities through a range of media, such as television and movies, and even video games. Pixel Vault holds 100% of all IP and assets, as well as the operations and operations for PUNKS Comic and MetaHero, and any future franchises.