Skip to content Skip to sidebar Skip to footer

Trading on the top NFT marketplace, OpenSea has fallen 99% since May. But that hasn’t entirely stopped the flow of funding for Web3 music startups, and Music NFTs creators are now smartly focused on building community rather than quick profits.

Here’s a roundup of some new Music NFT & Web 3 raises and launches.
Sometimes controversial crypto investor/influencer Cooper Turley has launched Coop Records, a $10 million early-stage fund to invest in “platforms, protocols, artists, and tokens uniquely enabled by web3… a hybrid between a web3 venture fund, a record label, and an incubator”
More here.
Reveel, a web3 music revenue share protocol, has raised $1.3M in pre-seed funding led by Binance Labs and Moment Ventures. Reveel was part of the Binance’s Incubation Program.
Reveel “makes collaboration simpler” by providing transparency for creators through tools that make the administrative side of revenue sharing and royalty accounting easier. The startup will use the capital for staff expansion and product development of their web3 collaboration financial infrastructure and on-chain revenue management tools suite.
Fanaply, an eco-friendly NFT solution provider and Revolver Magazine have announced a partnership to launch the REVOLVER ICON SERIES, a limited run of custom-produced vinyl records, each paired with a unique NFT and premium NFC enabling packaging. 
Rather than visiting a separate marketplace to discover and collect the REVOLVER ICONS SERIES vinyl + NFT bundles, Revolver Magazine worked with Fanaply to develop a proprietary ecosystem for producing, marketing, and remarketing the collectibles so fans can stay within the Revolver platform.
The first bundle dropped on September 7th and sold out in less than 12 hours.
Digital merch is a key component.
“In the future, visitors will buy event merchandise in the digital format as NFTs to showcase on social media and in their virtual as well physical world. Personal virtual “trophy rooms” will represent where you’ve been and most important your treasured memories.” – Pavel Helstyn, hHead of Business Development at EventsFrame.
And there is so much more that blockchain-based ticketing can offer. EventsFrame’s solution will help event organizers to increase revenue, build communities and empower their marketing effort. https://t.co/QomGtkgZaZ
Email address is not displayed with comments



Note: Use HTML tags like <b> <i> and <ul> to style your text. URLs automatically linked.

With the internet and digital technologies driving rapid change within the music industry, articles about new releases and who has been hired and fired are no longer enough. Our up to the minute industry news alongside insightful commentary helps our readers sift through the rumors and developments to find the information they need to keep their businesses moving forward.
Hypebot is read daily by more than 30,000 music industry professionals including executives and senior staff of music related tech firms, internet based music sites, every major label group and most indies as well as many managers, artists and members of the live music community:
Contact us for the latesst stats, ad rates and sponosorship opportunites. We also offer combined rates with MusicThinkTank.
“I swear by Hypebot every morning over breakfast.”
Derek Sivers
Founder, CD Baby
“Hypebot is the most focused music business centric resource we have.”
Celia Hirschman
One Little Indian, Downtown Marketing & KCRW-FM
“Well done.”
Seth Godin
Marketing guru

var F14249_sb_requiredFields=new Array();var F14249_sb_validateFields=new Array();F14249_sb_requiredFields.push(‘F14249_sb_Category’);F14249_sb_requiredFields.push(‘F14249_sb_email’);F14249_sb_requiredFields.push(‘F14249_sb_feedid’);F14249_sb_requiredFields.push(‘F14249_sb_publisherid’);F14249_sb_requiredFields.push(‘F14249_sb_cids’);var F14249_sb_fieldcol=’#000000′;var fbz_F14249_sb_logged=false;function F14249_sb_wait_fn(){try{if(!fbz_F14249_sb_logged){fbz_SmartForm(‘F14249_sb’,feedblitz_full_form);try{s(‘F14249_sb’);}catch(e){};fbz_FitForm(‘F14249_sb’);var F14249_sb_wait_img=fbz_formMetrics(14249,1);fbz$(‘F14249_sb_wait_img’).innerHTML=F14249_sb_wait_img;clearInterval(F14249_sb_wait);fbz_F14249_sb_logged=true;}}catch(e){}}
var F14249_sb_wait=setInterval(F14249_sb_wait_fn,100);
 

source

Leave a comment