Indonesia art studio to launch NFT collection after pre-seed round

Rlvnt Art Labs, an Indonesia-based NFT studio, is set to launch its sci-fi and fantasy-inspired NFT collection this summer, after it secured an undisclosed amount in a pre-seed round led by Indonesian ad agency Tech Ad.

Photo credit: League of Guardians

The League of Guardians collection will consist of 9,999 randomly generated digital avatars, based on nine guardian characters, each with distinctive traits. The collection has been built through Rlvnt Art Labs’ collaboration with Ario Anindito, who has worked on Marvel, Star Wars, and DC comics.

Rlvnt Art Labs has created elaborate backstories for each of its characters for world-building in a similar vein as other works of sci-fi and fantasy.

The firm now aiming to raise US$3 million to US$5 million in a seed round that it will invest in promotional activities, building its community, hiring, collaborations, and additional projects. It’s planning to undertake future projects with emerging global musicians and artists as well.

Rlvnt Art Labs was founded by Lukmanul Hakim and Endhie Prabowo earlier this year.

Despite the recent crash in the crypto market, the global NFT industry is set to grow to US$122.43 billion by 2028 at a compound annual growth rate of 34.1%.

See also: Exclusive: Former Gojek exec backs new Indonesian NFT marketplace