Art Tokenization Platform Courtyard Raises $30 Million in Series A Funding

According to Jinse Finance, New York-based art tokenization platform Courtyard has announced the completion of a $30 million Series A funding round, led by Forerunner Ventures, with participation from ParaFi Capital, Y Combinator, NEA, Prelude, Burst Capital, and others. Courtyard is reportedly one of the projects incubated by Y Combinator’s accelerator program. The platform allows investors to hold fractional ownership of artworks by purchasing NFTs, and supports secondary market trading of artworks, thereby enhancing their liquidity.