# Hyype

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hyype

- Industry: Internet
- Headquarters: Nashville, US
- Website: www.hyy.pe
- Total disclosed funding: $3.5M
- Latest round: Seed (Oct 26, 2021)
- Investors on record: 2

## About

Hyype Inc. is a company that integrates art and technology by focusing on non-fungible tokens (NFTs), providing a platform that empowers artists to create, sell, and distribute digital artworks efficiently.Founded in 2021 and headquartered in Nashville, US, Hyype Inc. specializes in the art-technology integration space. The co-founders, Scott Lewis and Supriyo Roy, have focused the company's strategy on NFTs from its inception. In October 2021, Hyype Inc. raised USD 2.00 mn in a Seed funding round led by Elevation Capital, with a total amount raised of USD 2.00 mn across two deals.Hyype specializes in the integration of art and technology, focusing on non-fungible tokens (NFTs) as its core product offering. The company empowers artists by providing a platform that facilitates the creation, sale, and distribution of digital artworks as NFTs. Through this approach, Hyype addresses the challenges artists face in reaching wider audiences and monetizing their creations in the digital space. Their services are designed to support various stakeholders, including individual artists, art collectors, and digital art enthusiasts, primarily serving markets in North America, Europe, and Asia. By redefining the digital presence of creatives, Hyype aims to revolutionize the future of digital art by unlocking new opportunities for artistic expression and commercial success.Hyype generates revenue primarily through transactions related to the sale of NFTs on its platform. The structure of these transactions typically involves direct sales to consumers, with artists receiving a percentage of the sale price while the platform retains a commission. Clients may engage with Hyype through various partnership models, including collaborations with established artists and institutions within the art community. As part of its offerings, Hyype may implement tiered pricing plans for different services, which could include features such as enhanced visibility for artworks or premium support for artists creating NFTs. This transactional framework supports both the monetization of digital art and the growth of Hyype's business within the expanding NFT marketplace.Hyype Inc. plans to utilize the USD 2.00 mn raised in Seed funding to hire product engineers who will enhance the platform by engaging directly with communities and integrating feedback on user experience. The company aims to expand its market presence in North America, Europe, and Asia, targeting specific emerging markets by the end of 2023. Upcoming product launches are being designed to further streamline the NFT creation and distribution process, with expected announcements in late 2022.

## Funding rounds

- Seed, Oct 26, 2021, $2M — Elevation Capital
- Seed, Sep 1, 2021, $1.5M — Electric Capital

## Investors

- Electric Capital (https://capitalatlas.ai/funds/electric-capital) — Seed
- Elevation Capital — Seed