Paris Hilton invests in Afterparty's new NFT ticketing platform

Paris Hilton

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Afterparty, an NFT-focused platform, has successfully raised $4 million from angel investors for the development of its NFT ticketing platform on the Polygon Network. This round of funding brings the total funds raised by Afterparty to $7 million.

The angel investors’ list included notable names such as Paris Hilton, Jason Calacanis, NBA star Andre Iguodala, Zillow co-founder Spencer Rascoff, executive producer of ‘Project Runaway’ Desiree Gruber, and VC firm Headline’s Nicole Farb. The unsolicited funding round also had the leading seed investors of Afterparty - Acrew Capital, Blockchange, and TenOneTen Ventures.

Afterparty, an all-in-one ticket organiser, has plans to launch its second NFT collection, ‘The Guardians,’ along with the NFT marketplace on the Polygon Network. The NFT marketplace is expected to launch sometime in May. Afterparty’s CEO David Fields said they were moving to Polygon to lower the transaction fees for Afterparty users and differentiate themselves from the traditional platforms such as TicketMaster and Stubhub, known for high transaction fees.

Fields envisions extending Afterparty’s scope beyond an all-in-one event host to becoming a dedicated NFT ticketing platform in the future. Afterparty minted its first NFT collection, ‘The Utopians’, on Ethereum. The collection garnered huge celebrity attention and boasted of a number of celebrity Utopian NFT holders, including Heidi Klum, Sia, David Dobrik, Josh Duhamel, Loren Gray, and Bryce Hall. Both the NFT collections - The Utopians and The Guardians - provide direct access to their respective events organised by Afterparty.