The co-founder of now-defunct short-form video platform Vine and creator of the non-fungible token (NFT) project Loot, Don Hofmann has started a new venture called Blitmap, a decentralized science fiction project where the community guides the story.
Paradigm led a $12 million seed funding round for Sup, a parent firm building out Blitmap. Through the funding, Blitmap aims to scale and develop other projects and universes, according to a tweet from Sup.
Blitmap, an Ethereum-based NFT, is a project in which the owners of the NFT collectively decide important features of the story’s universe. They can decide who the enemies are and guide decisions surrounding merchandise, with potential play-to-earn features.
As of publication, the floor price for a Blitmap NFT is 9.37 ETH (about $30,000).