ChainCatcher news, Web3 music producer Daniel Allan announced that he has raised $1 million in seed funding for his music NFT project Daniel Allan Entertainment. The round was led by Coop Records, with participation from Palm Tree Crew Crypto, Noise DAO, Woodstock DAO, and Fire Eyes DAO, as well as angel investors Adam Kornfield, Ante Hoathe, DegenDavinci, Ash Egan, Nic Carter, George Lambeth, Kyle Samani, Shayon Sengupta, Jacob Horne, Adam Levy, CodeBoyMadeInTheFuture, and Jason Meinzer.Daniel Allan stated that he created his first music NFT in April 2021, and in the past year and a half, the total revenue from primary sales of his NFTs was 228 ETH, while the total revenue from secondary sales was 105 ETH. (source link)

Chain Catcher news, the metaverse music platform RELICS has completed a $1.1 million financing round, led by Coop Records and PTC Crypto, with participation from LongHash Ventures, NOISE, DegenDaVinci, DAO Jones, 2PunksCapital, MarkyMetaverse, and others.It is reported that RELICS was launched by the Canadian independent electronic music record label Monstercat, aiming to educate and guide traditional music enthusiasts into the metaverse. The funds raised will be used to expand the team to 7 full-time employees, enhance the core development team, redevelop the brand, further develop the dynamic rarity system, and establish a more comprehensive licensed music and art catalog. (Source link)