# Ethernal Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ethernal-labs

- Industry: Software
- Headquarters: Miami Beach, US
- Website: www.ethernallabs.com/
- Total disclosed funding: $19M
- Latest round: Seed (Feb 10, 2022)
- Investors on record: 7

## About

Founded in 2022 and based in Florida, US, Ethernal Labs specialises in the development and production of advanced digital products and services to create and manage intellectual property (IP) tailored to the digital ecosystem for global brands, entertainment franchises, and others. In February 2022, Ethernal Labs raised USD 20 million in seed funding from investors Algorand Foundation Ltd., Banter Capital, Kenetic Capital, Polygon Studios, Ripple Ventures, Black Edge Capital, and Morningstar Ventures.

Ethernal Labs offers a layer 2 blockchain built on optimism, focusing on entertainment and digital collectables. This ecosystem provides a platform for developing and trading NFTs and related assets. The company also offers an interactive science fiction franchise combining storytelling with digital experiences. The platform also offers audiences an engaging narrative integrated with blockchain-based assets. In addition, the platform also provides a range of services for developing digital content, including NFTs, visual media, and interactive components.

The company will use the February 2024 funding to enhance its platform.

## Funding rounds

- Seed, Feb 10, 2022, $19M — Kinetic Capital, Ripple Ventures, Algorand Foundation Ltd., Black Edge Capital, Morningstar Ventures, Polygon Studios, Banter Capital

## Investors

- Kinetic Capital — Seed
- Ripple Ventures (https://capitalatlas.ai/funds/ripple-ventures) — Seed
- Algorand Foundation Ltd. — Seed
- Black Edge Capital — Seed
- Morningstar Ventures (https://capitalatlas.ai/funds/morningstar-ventures) — Seed
- Polygon Studios (https://capitalatlas.ai/funds/polygon-studios) — Seed
- Banter Capital (https://capitalatlas.ai/funds/banter-capital) — Seed