ChainCatcher news, the Web3 fan platform Medallion has announced the completion of a $13.7 million Series A funding round, co-led by Dragonfly and Lightspeed Faction. The platform provides an exclusive digital hub for artists to promote album releases, tour dates, and merchandise, while also selling digital collectibles and sharing exclusive content to deepen connections with fans.The funds from this round will be used to introduce new early access opportunities, such as previewing unreleased music and offering presale tickets, as well as other member benefits like "video premieres or new updates." Artists will also be able to sell new exclusive and limited edition digital collectibles/NFTs, such as poster bundles and trading cards.Recently, Medallion launched new revenue opportunities for artists in the UK, Australia, and Germany— "digital deluxe editions," allowing artists to sell digital albums that include embedded music players and downloadable audio, images, and videos. Artists can also sell physical merchandise through integration with Shopify.Currently, 20 artists are using Medallion to operate their fan communities, including Jungle, Greta Van Fleet, Illenium, Disclosure, Tiga, Mt Joy, Tycho, My Morning Jacket, Girl in Red, and Sigur Rós.The company plans to expand the platform to hundreds of artists by 2024, with widespread availability expected in 2025 or later. To date, Medallion has raised a total of $22 million in funding.

ChainCatcher news reports that Medallion, a Web3 platform that allows music artists to connect with fans, has raised $21.5 million according to recent SEC filings. The documents indicate that the total amount raised in this offering is $24.2 million, with a total of 51 investors to date.Medallion was founded in 2020 by Stephen Vallimarescu, Matt Jones, and Derek Davies, and with the previous $9 million seed round funding, it has now raised a total of $30.5 million in equity financing.According to the crypto data platform RootData, Medallion announced the completion of its $9 million seed round financing last May, led by The Chernin Group, with core team members primarily coming from Uniswap, Instagram, Hearst, Songkick, and Warner Music Group.