Web3 music startup Star Nest has completed a $6 million Pre-A round of financing, led by Chuangqi International Limited

ChainCatcher news, Hong Kong Web3 music startup Star Nest announced that it has completed a $6 million Pre-A round of financing, led by Chuangqi International Limited, a wholly-owned subsidiary of the Hong Kong Stock Exchange listed company Guofu Innovation Limited. Star Nest will collaborate with Armonia Meta Chain to develop a metaverse game called Star Nest SpaceStar, which will include music, role-playing, and social features.

In addition, Star Nest plans to launch its project representative NEST in the third quarter of 2024. Nest will receive a customized allocation of 2.1 billion NEST tokens for the project. Star Nest aims to build a more complete token economic system for the music industry through the NEST token, which will be widely used for purchasing concert tickets, blockchain game collaborations, metaverse consumption, governance voting, and other aspects.