Cheeze, Inc. has announced that Netflix co-founder is joining its board of directors. The news follows a second seed round that was launched by Cheeze last month in which Randolph continued his investment from the firm’s seed round led by Olive Tree Capital.
yes fam! we are super excited to announce our latest news. please welcome Marc Randolph to the @cheeze family!
if you are a genesis camera holder or #NFT Photographer, you are going to love our announcements this week 😉
Let's goooo 🚀https://t.co/XBmeINEWgW
— Cheeze (@Cheeze) May 21, 2022
“I’m very excited to join the board of Cheeze, Inc. The team that Simon (Hudson, CEO and founder of Cheeze) is building is really impressive, and I’m excited to see the progress they make,” Randolph said.
NFT photo platform Cheeze, Inc
The platform brings photography to the blockchain by launching NFT photo galleries. It allows anyone to buy a photo gallery on its platform and rent space to photographers who want to showcase their collections.
Available on iOS and Android, Cheeze is a photography-centric platform that allows users to curate and sell their photos as NFT collections in their own gallery or discover iconic photos on the secondary market.
Photographers can purchase gallery spaces on the platform and have full control over the collections, pricing and edit sizes they display or split gallery ownership with others and turn it into a DAO, with each person contributing to the decision making about the gallery and collections.
Cheeze built its platform on the FLOW blockchain, where there are no gas fees for minting. Therefore, photographers can mint NFT on Cheeze for free.
The platform wants to change the structure of how photographers share their images with the world.
Simon Hudson, CEO and founder of Cheeze, said of the concept, “The ultimate idea is that you want to capture those moments and memories when you share photography with people.”
“Every photo has a lot of metadata, but that can easily get lost. So we want to bring the photograph, the negatives and the metadata to the blockchain, which means you’re capturing a moment in time and always looking back and seeing it.”
The global photo services market grew from $33 billion in 2020 to nearly $39 billion in 2021. It could grow to just under $43 billion by the end of this year. According to Yahoo Finance, the NFT market is expected to grow 52% from $14 billion last year to $21.3 billion this year.
“Simon and his team have also demonstrated a focus on providing real utility to people looking to bring their work to Web 3.0, and in an NFT environment where style seems to trump substance, this is a recipe for long-term success,” said Randolph.
He continued, “I’m very excited to be part of this adventure and have a front row seat as Cheeze discovers what this new Web 3.0 world has to offer.”