Share this article
Web 3-Savvy Media Outlet Dirt Raises $1.2M in Seed Round
The newsletter seeks to bolster its DAO and NFT sales with the funding.
By Cam Thompson
Updated May 11, 2023, 4:15 p.m. Published May 9, 2022, 5:08 p.m.
Entertainment and culture newsletter Dirt said Monday it raised $1.2 million in seed funding to build out its Web 3 infrastructure.
The round was led by crypto investment fund Collab + Currency, with contributions from Offline Adventures, Flamingo DAO, Spice Capital, Unicorn DAO and Matt Hackett.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Dirt sustains its media ecosystem through non-fungible token (NFT) sales, but its network of freelancers doesn't solely cover crypto topics. Even so, Dirt aims to build a Web 3 community through NFTs, its DIRT governance token and DirtDAO, which will oversee access to exclusive content for token holders.
“Web3 creates additional pathways to fandom beyond just purchasing a subscription or a tote bag – it also turns media into a two-way street, where subscribers can make appropriate decisions about the direction of the publication,” said Dirt contributors in a blog post.
Journalists Kyle Chayka and Daisy Alioto co-founded Dirt last year, and in partnership with NFT platform Mirror, began selling content as NFTs. Dirt made $20,000 in NFT sales in its first full day, according to Axios writer Sara Fischer.
Dirt’s NFTs have generated four ETH in trading volume on OpenSea since September.
UPDATE (May 10, 01:50 UTC): Adds co-founder's name.
Mais para você
O que saber:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
Exodus joins stablecoin race with MoonPay-backed digital dollar
The public crypto wallet firm joins Circle and PayPal in issuing stablecoins.
O que saber:
- Exodus is launching a fully reserved, USD-backed stablecoin with MoonPay to power self-custodial payments in its crypto wallet app.
- The stablecoin will support Exodus Pay, a new feature enabling users to spend and send digital dollars without relying on centralized exchanges.
- With the launch, Exodus joins a short list of public companies, including PayPal and Circle, backing stablecoin products.
Top Stories
