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3LAU
NFT Music Platform Royal Closes $55M Funding Round Led by a16z
Just three months after a $16 million seed round, Royal, the music tokenization platform launched by crypto-friendly DJ and entrepreneur Justin "3LAU" Blau, closed a $55 million Series A raise led by Andreessen Horowitz (a16z). "The Hash" team discusses the implications for tokenized royalties and the wider role of blockchain in the traditional music industry.
3LAU Raises $16M to Tokenize Music Royalties for Artists and Fans
Crypto-savvy DJ Justin “3LAU” Blau has raised $16 million to launch a music investments platform that aims to give listeners a piece of the wealth generated by songs. The music tokenization platform, Royal, slices up song royalty rights into crypto tokens anyone can buy and trade. "The Hash" squad discusses the latest potential disruption to the traditional record label model as it increasingly collides with the crypto industry.
3LAU recauda 16 millones de dólares para tokenizar las regalías musicales para artistas y fans.
Paradigm y Founders Fund invirtieron 7 millones de dólares cada uno, dijo el DJ experto en criptomonedas a CoinDesk, y Fred Ehrsam de Paradigm se unió a la junta.
El kit de herramientas para desarrolladores de blockchain Alchemy incorpora inversores ángeles de alto perfil a una ronda de financiación de Serie B de 80 millones de dólares.
Los ingresos de la empresa de infraestructura blockchain se han más que decuplicado desde que anunció la serie B en abril.
