, has teamed with digital assets and payments firm Gebo Group. Their setup, Starport, has already raised $40 million and predict they will end up north of $50 million by Sunday. The proceeds, which take the form of digital tokens, will fund the new entity’s effort to bridge traditional finance and the emerging realms of blockchain andThe usual venture capital firms and blue-chip investors found in startup announcements are not in evidence with Starport’s beta round.
The executive told Deadline that Starport is a “newly evolved form of fundraising and mobilizing the community” around ideas and projects. “This is a pivotal moment in connecting entertainment and media companies, producers, creators and others with crypto investors.” Funding from Starport will go directly to Immersive Network, which will then fund Immersive Artistry projects, including Kind Heaven and a planned Christmas Village. In that North Pole Village experience, visitors will connect with the surroundings through technology as performers help bring designed natural locations to life.