Engage-to-Earn music platform Unitea completes $7 million seed round financing

ChainCatcher news, the blockchain Engage-to-Earn music platform Unitea has announced the completion of a $7 million seed round financing, with participation from 1st Class Guernsey, Chaos Capital, TokenSociety, and Fuel Venture Capital. Unitea will use the raised funds to further expand its platform's capabilities within and outside the music industry.

Unitea aims to incentivize fans to support their favorite artists through the Engage-to-Earn model, allowing fans to earn digital tokens called Karma by sharing music and creating content. These tokens can be redeemed for exclusive rewards, ranging from customized digital assets to concert tickets and meet-and-greets with artists. (Source link)