2 years ago
SphereTrax Secures £250k Pre-Seed Funding to Empower Musicians with Blockchain Technology
SphereTrax, a blockchain music licensing platform, has raised £250,000 in pre-seed funding from Jenson Funding Partners
The platform allows musicians to publish and license their music using blockchain technology, ensuring transparency and fair compensation
The funding will be used to expand sales and marketing efforts and further develop the platform.
ProblemTechnology
"making it unfair for musicians to have control and rights of their work taken away by other stakeholders"
Solution
"a blockchain-based platform that allows musicians to publish, license, and sell their music using cryptocurrencies or NFTs, giving them control and fairness in their royalties"