2 years ago
Music NFT level OurSong has raised $7.5 cardinal successful effect funding, the institution announced Thursday
Infinity Ventures and Animoca Brands led the round.
OurSong is simply a subsidiary of Our Happy Company, a euphony institution founded by the vocalist John Legend and Chris Lin, the CEO of fashionable streaming work KKBOX.
OurSong aims to springiness philharmonic performers the quality to monetize their contented much efficaciously and to physique a assemblage among their fans.
The blockchain-based level hopes to code a cardinal occupation with streaming services that present predominate the euphony manufacture by allowing entertainers to link much straight with the radical who respect their work, OurSong co-founder Terry Leong told CoinDesk. At the aforesaid time, it volition springiness these audiences the accidental to ain uncommon collectibles.
“Imagine if you had a CD and it could update itself,” Leong said. “Imagine if you unfastened up the sleeves and past 2 tickets autumn out. You could substance and speech to different radical conscionable holding that record…This thought of collecting, gathering assemblage and engaging with the assemblage is really truly I deliberation it holds a batch of prospects for not conscionable the euphony industry, but a batch of accepted contented industries and large.”
The mobile app, which launched successful aboriginal February and has 150,000 users, allows artists to upload and mint their contented arsenic an NFT. Users terms their assets successful OurSong Dollar (OSD), the app’s autochthonal token, said a property release.
Leong said the app is compatible with Ethereum, Binance Chain, Thundercore, and successful the coming days, Polygon.
The effect superior volition assistance the institution grow its team, found partnerships, and tally campaigns to amended artists connected NFTs, Leong said.
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