Polkadot ecosystem Web3 music platform Public Pressure completes $6 million financing, led by Scytale

2022-12-13 21:06:45

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ChainCatcher news, according to Music Business Worldwide, the Web3 music platform Public Pressure announced the completion of a new funding round of $6 million, led by digital asset management company Scytale, with participation from Metterblock, HV Capital, and Ethereum & Polkadot co-founder Gavin Wood, Energy Web founder Ed Hesse, among others.

It is reported that Public Pressure was established in 2015 and transitioned to a Web3 platform earlier this year, built on the Polkadot blockchain, aiming to drive the music industry towards the Web3 space. It has also established partnerships with major fashion brands, including Diesel. The company is headquartered in London but has offices in Europe, Hong Kong, and the United States. (source link)

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