Arcade, a generative AI marketplace, is home to some of the most visionary jewelry designs. Now, it’s taking its earth-friendly product line into the home goods aisle! The expansion will begin under the Rugs category. To create new exciting designs that speak directly to consumers, we’ll harness AI design technologies such as Midjourney and Stable Diffusion. Seen as a long-term strategic shift, this decision is a critical turnaround for the company that first launched into the space through jewelry retail.
By this point Mariam Naficy had founded Arcade, after starting successful enterprises such as the cosmetics retailer Eve and the design marketplace Minted. Since its launch, Arcade has taken the industry by storm. The company just recently closed a $25 million Series A funding round, bringing its total capital raised to $42 million. This funding round was led by Laura Chau of Canaan Partners—with participation from Kirsten Green of Forerunner.
Arcade’s rug collections will retail from $400 and up. The 3×9 hand-tufted wool option is ideal for any consumer looking for quality home decor. The new rug creation tool allows users to design rugs that reflect their personal style while utilizing the advanced capabilities of AI technology.
Along with growing its product line, Arcade has made significant improvements to its seller program. Now, creators can receive a 5% commission on every sale of their products. This is a great improvement from the prior 2.5%! This positive change is meant to encourage more creators to get on the platform and feed into its expanding marketplace of work. In addition, users can increase their earnings potential by joining Arcade’s affiliate program.
Since launching its beta jewelry offering in September 2023, Arcade has already produced some pretty amazing stats—including over 650,000 unique jewelry designs. This accomplishment is a testament to the platform’s capabilities and generative AI tech prowess to harness complex data into tailored products.
The combination of innovative design tools and expanded offerings positions Arcade as a formidable player in both the jewelry and home goods markets. By merging creativity with technology, the company is set to attract a diverse customer base eager for unique and custom-designed products.
Leave a Reply