Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform thumbnail
Hedera-Based Tune.FM Raises $20M for Artist-Friendly Web3 Music Platform
cryptonews.net
Web3 music platform Tune.FM has received $20 million in capital from alternative investment group LDA Capital to advance its goals of helping musicians earning a greater share of royalties from their work. Using Hedera Hashgraph's blockchain technology, Tune.FM provides musicians with a platform to
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  • Web3 music platform Tune.FM has received $20 million in capital from alternative investment group LDA Capital to advance its goals of helping musicians earning a greater share of royalties from their work.
  • Using Hedera Hashgraph's blockchain technology, Tune.FM provides musicians with a platform to receive micropayments for streaming in its native JAM token (JAM) as well as minting non-fungible tokens (NFTs) for digital music assets and collectibles.
  • large corporations reap the lion’s share of the profits, leaving artists with a small piece of the pie,"
  • "Tune.FM wants to shake up the current standard by offering artists up to 90% of their streaming revenue."
  • Tune.FM's existing investors include Animoca Brands, the HBAR Foundation and Broad Street Angels.

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