Orange Comet Raises Over $7M in Equity Round
According to records filed with the US Securities and Exchange Commission, Orange Comet, the studio behind Anthony Hopkins' “The Eternal Collection" NFT collection, raised $7.24 million by selling equity options.
On its digital collectibles website, which launched in 2021, Orange Comet features a number of well-known entertainment and sports properties, including Hopkins and collections for AMC's "The Walking Dead," "Interview with the Vampire," and "Mayfair Witches."
“When I got into the space two and a half years ago, the whole reason I got into it was that I felt like we can offer Hollywood-style production and storytelling with these properties,” Orange Comet co-founder and CEO David Broome said in an interview with Decrypt at this year’s NFT Paris.
According to Broome, Orange Comet also aims to attract Web3 enthusiasts and newbies by introducing them to the NFT experience.
“How do you first appeal to and attract the core enthusiast already in Web3? By delivering fantastic content to them,” he said. “A project that has a real roadmap, no bullshit, where they see where something is going, and it’s building to a larger scale than just the initial launch itself.”
Legendary actor Anthony Hopkins debuted his first NFT series, "The Eternal Collection" in partnership with Orange Comet in October 2022.
“What’s interesting is [Hopkins] was so enthusiastic about learning about Web3 himself that he was able to bring the fans in,” Broome says, adding that over 100 people were able to meet with the Oscar winner via Zoom chat.
Despite the current crypto and NFT market sentiment that has resulted in layoffs and failed ventures, according to Broome, there are still opportunities in the sector.
“In a bear market and a down market, the pretenders, scammers, bad artists, and everyone else in that category will disappear,” Broome said. “That is one of the good things that’s connected, because in a market like this, there’s opportunity.”