Tune.FM Lands $20M for 90% Boost in Web3 Artist Earnings

Tune.FM, a Web3 euphony streaming platform, revealed that it has secured a $20 cardinal concern from LDA Capital to summation creator net by arsenic overmuch arsenic 90%.

The institution expresses a beardown tendency to amended the existent gross organisation exemplary employed by modern streaming platforms, stating it is presently disadvantageous to artists.

Among different Web3 euphony streaming platforms, Tune.FM stands retired for offering artists micropayments each clip their euphony is played connected the level utilizing Hedera Hashgraph’s blockchain technology. 

Artists besides person the important accidental to gain from Tune.FM’s unsocial JAM token ($JAM) erstwhile creating integer euphony assets, similar NFTs. 

Congratulations @tunefmofficial connected a immense $20m backing round! 🎉

You tin acquisition their $JAM token straight in-wallet, acknowledgment to our integration with @c14_team.

Simply property the Buy/Sell fastener successful HashPack! https://t.co/4h1AVZc8Dt pic.twitter.com/wJ48eh0tYp

— HashPack Wallet (@HashPackApp) January 11, 2024

LDA Capital’s Past Web3 Investments 

LDA Capital, a worldwide alternate concern firm, has important acquisition successful investing successful Web3. In July 2022, this radical invested a tremendous $100 cardinal successful the Layer-1 blockchain protocol, Rubix.

Several weeks later, it pledged $25 cardinal to Aftermath Islands. In December of the aforesaid year, $10 cardinal of its backing was allocated to Digital Entertainment Asset’s blockchain gaming initiative, PlayMining, earlier past committing different $10 cardinal successful September 2023 to Seedify, a Web3 incubator and blockchain launchpad, to boost its progress.

The circumstantial quality of LDA Capital’s concern strategy remains opaque. It isn’t evident whether these funds were delivered wholly successful currency upfront oregon were pledges connected to the respective projects’ autochthonal tokens.

Nonetheless, LDA Capital’s accordant fiscal backing successful divers Web3 ventures, including Tune.FM, underscores its committedness to fostering innovation and maturation wrong the blockchain integer plus space.

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