- Bulletpitch
- Posts
- Danvas ๐ผ
Danvas ๐ผ
display your digital art
setting the scene
you're interested in collecting NFTs and decide to make your first purchase ๐ฒ
when you show off your new digital art to your friends, you're met with skepticism ๐ข
"that's art? it looks like a picture on your phone screen" ๐คจ
"what's stopping someone from screenshotting that image?" ๐ค
"is a non-fungible token a type of mushroom?" ๐
NFTs are disrupting the art world, but artists and collectors face difficulty sharing and displaying art irl
this week's company brings digital art to the real world with a museum-quality frame
in a sentence
Danvas provides a tech-enabled display that showcases NFTs and digital art
tech-enabled: lighting, sound, and sensors create an interactive viewing experience
display: a luxury, museum-like frame that connects to smart devices
NFTs: a light at the bottom of the canvas verifies ownership
bulleted version: today, the best way to display NFT art pieces are to showcase them on a tv screen, which is equivalent to duct taping a poster to your wall; Danvas' product improves the display of NFT art at any location ๐ผ
the basics
industry: art, hardware, NFTs
headquarters: Los Angeles, CA ๐๐ปโโ๏ธ
year founded: 2021
company size: <10 employees ๐งณ
investors: Greycroft, Lerer Hippeau, Waverley Capital, Vayner/RSE + VaynerX Fund (Gary Vaynerchuk), UTA Ventures, BDMI, BAM Ventures, Watertower Ventures, Rich Greenfield, Jason Nazar, Jon Goldman, Walter Piecyk
amount raised: $12m post seed funding ๐ฐ
business model: b2c
sponsored by
do you want to learn and access the best tools and resources to turn your startup idea into something tangible?
Foundersโ Book offers a single workspace for building and growing your startup, so you can save up to $500K in credits and benefits from 200+ SaaS platforms
use the code โBulletPitchโ and save 30% on all the plans; get foundersโ book now
due diligence
what we like
๐ playing in two sizable markets: Danvas is bridging the $17b NFT-based digital art market with the largely undisrupted, $65b global art market
๐ฅ expansion opportunities: by building solutions for discovering, displaying, and sharing NFTs, Danvas' product roadmap has the potential to take many directions
๐ฑ growing their own market: by helping digital artists connect with audiences and collectors to showcase their purchases, Danvas will encourage artists to continue creating and collectors to keep buying
potential risks
๐ฐ luxury product: while NFTs make art ownership more accessible, Danvas' product may bring digital art closer to the exclusive art market
1๏ธโฃ and done: collectors only need one frame to display as many pieces as they wish
how will the company keep customers interested after purchasing the frame?
๐ NFT sales growth: the decline of NFT sales volume in recent months makes the market's future growth unclear

weekly cartoon
founder profiles
Hernan Lopez (prev. founder @ Wondery)
Jeanne Anderson (prev. @ Saatchi Art)
comps
why Danvas: Danvas offers a quality, disruptive solution that enables NFT art to be shown how the artist intended; it's easy to picture Danvas driving the transformation of the digital art market ๐จ
what do you think about this startup?we want to hear from you! |