Formfunction
A marketplace for one-of-one art on Solana that lasted thirteen months
A San Francisco-based Solana marketplace for single-edition digital art, built for independent artists rather than large NFT collections.
- Capital raised (announced)
Recorded announced backing; this is separate from cash received, customer deposits and money recovered.
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| Seed | 2022 |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| Katherine Liu | — | Product designer and artist, focused on her art and her clothing brand Meridrop | Oct 2026 |
Timeline
February 2022
16 March 2022
gm 🌞 We're excited to announce our fundraise led by @variantfund, which will go toward our mission of helping independent artists make a living with NFTs! https://t.co/cFJBixFywl
15 March 2023
We have some sad news to share today—Formfunction is shutting down on Wednesday, March 29th. This was an extremely difficult decision; however, after much discussion and careful consideration, we’ve come to the conclusion that we cannot continue to operate Formfunction.
29 March 2023
How it ended
Formfunction said only that after much discussion and careful consideration it could not continue to operate; it gave no reason. Creators were told to download hashlists of their NFTs and delist their work so they could keep selling it elsewhere. The marketplace's code has since been published as open source.
Still alive
Open spot
Formfunction is gone. Is your NFT marketplace still running?
Spotlight your project here.
Sources
12 sources behind this page.
- 1Solana NFT marketplace Formfunction to shut down · crypto.news · Mar 2023
- 2This NFT Marketplace Raised $4.7M From OpenSea and Others—Now It’s Shutting Down · Decrypt · Mar 2023
- 3Formfunction raises $4.7m in Seed funding · fintech.io (Passle; quoting the company's announcement) · Mar 2022
- 4Formfunction raises $4.7M to help independent creators make a living with NFTs · Formfunction (company blog on Paragraph)
- 5formfunction-hq/resources · Formfunction (GitHub organization)
- 6About me · katherineliu.me (her personal site)
- 7Formfunction to Shut Down on March 29 · SolanaFloor
- 8X account lookup: @formfunction · twitterapi.io (X data provider)
- 9X account lookup: @petrichorate · twitterapi.io (X data provider)
- 10X post search: @formfunction posts naming its founders (2022) · twitterapi.io (X data provider)
Show 2 moreShow fewer
- 11X search: @formfunction posts, 14-18 March 2022 · twitterapi.io (X data provider)
- 12X search: @formfunction posts, 15 March 2023 · twitterapi.io (X data provider)
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.