Tune.FM Raises $20M to Disrupt Music Industry Standard with NFT Marketplace and Higher Artist Revenue Share

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Cointime2024/01/11 10:49

By:Cointime

Tune.FM, a decentralized music streaming platform based on web3, has raised $20 million in capital from LDA Capital, a private alternative investment group. The platform aims to disrupt the music industry standard by offering artists up to 90% of their streaming revenue, which is a ten times increase from traditional streaming services. Tune.FM is integrated with a music NFT marketplace, allowing artists to monetize their fanbase directly through micropayments and NFTs. The platform plans to launch a mobile app on iOS and Android, as well as negotiate major licensing deals to onboard the full catalogue of major label content.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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