The prominent entertainment company in Los Angeles Orange Comet nets $7.24 million in its round one equity funding event. A February 23 report issued by the company to the US securities exchange commission revealed that Orange Comet would host a larger fundraising event this year to support the development of non-fungible token (NFT) collections.
The report revealed that it generated $7,243,539 from selling equities and securities, surpassing its $20 million target.
Importance of the Equity Funding Round
The Orange Comet team has made commendable efforts in building innovative technology and infrastructures useful in developing entertainment products and services such as gaming, digital assets, videos and films.
The creative architect of the company’s NFT and Web3 projects, has received worldwide recognition and continues to be applauded. The Orange Comet’s famous projects include Anthony Hopkins, Scottie Pippen and the horror film “The Walking Dead.”
Orange Comet Next Plans
The co-founder and president of Orange Comet, Will Meris, revealed that the firm is developing a superior ecosystem that will propel the creation of creative entertainment projects in the Web3 space. Meris argued that the company could prioritize completing the pending projects that require measurable capital.
Additionally, Meris revealed that the company plans to launch new technologies and creative artwork to create more value for the firm and boost user experiences.
Beyond this, the key stakeholders of Orange Comet are best-performing artists and celebrities, including Dave Broome, Kurt Warner and Gloria & Emilio Estefan. Their contribution has enabled Orange group to beat the odds in a flooded market. Comet’s dedicated team confessed to leveraging their expertise to gain dominance in the Web3 industry and launch projects that create real user value.
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