ChainCatcher news, the Web3 music NFT platform Sound.xyz has acquired the digital collectibles platform Soho, and the entire Soho team will join Sound.xyz, led by Omid Aziz, who will serve as the Chief Technology Officer. Sound.xyz will focus on building deeper connections between artists, curators, and listeners through this acquisition alongside Soho.

ChainCatcher news, the Web3 music NFT platform Sound.xyz announced the launch of the song gifting feature Gifts, allowing users to gift songs directly from Sound to others.According to the crypto data platform RootData, in July 2023, Sound.xyz completed a $20 million funding round led by a16z.

ChainCatcher news, music NFT platform anotherblock collaborates with co-producer Andreas Schuller (Axident) to release NFTs featuring royalty shares from Justin Bieber's single "Company," with a total of 2000 pieces. According to the official website, the NFT is issued on the Base network, priced at 0.017 ETH, and has now sold out.Although Axident remains the copyright holder of the single, fans who own the track's NFT will be able to share 1% of the royalty shares from the song's streaming.

ChainCatcher news, Coinbase CEO Brian Armstrong stated on social media that he has participated in the Onchain Summer music NFT auction. The auction page shows that Armstrong bid 0.88 ETH for the NFT.Onchain Summer is a mainnet launch incentive event launched by Coinbase's L2 network Base. This NFT of the same name was created by the crypto artist @15 years of song a day.

ChainCatcher news, according to YourStory, cryptocurrency checking account provider Juno has announced the successful acquisition of Indian music NFT platform Swaraj Labs (formerly Humit), with the specific acquisition amount undisclosed.It is reported that Swaraj Labs primarily helps artists utilize Web3 technology to create and disseminate art. Sources indicate that Swaraj Labs will lead Juno's global expansion plans.

ChainCatcher news, music NFT platform Sound.xyz has completed a $20 million Series A funding round, led by A16z, with participation from rapper and NFT enthusiast Snoop Dogg, musician Ryan Tedder, music producer Tay Keith, Collab + Currency, Sound Ventures, Palm Tree Crew, Scalar Capital, and A Capital.Sound.xyz stated that anyone can upload their music to Sound and retain 100% ownership. Users can mint NFTs on the Ethereum mainnet as well as on Optimism.

ChainCatcher news, according to Tech.eu, music NFT platform anotherblock has completed a €4 million seed round financing, led by Stride.VC, with participation from Swedish producer Axwell and Swedish House Mafia.According to RootData, in June 2022, anotherblock completed a $2.5 million financing, with Inventure as the lead investor, and participants including StableNode, Centrifuge founder Maex Ament, and Dune co-founder Fredrik Haga, among others. anotherblock aims to provide NFT solutions for music copyrights. (source link)

ChainCatcher news, the music NFT platform Sound.xyz tweeted that it will open to all users in the next three months. During the preparation for the full launch, Sound.xyz will implement the artist onboarding process (including email registration, credit card payments, and mobile app), verify audio ownership (to ensure users do not upload music works that do not belong to them), and conduct testing and validation work. (Source link)

ChainCatcher news, AvatarDAO announced its participation in the seed round financing of the music NFT trading platform and all-in-one application Muverse, and established a strategic partnership with Muverse to promote the development of the Web3 music track.It is reported that Muverse is a community-driven music NFT trading platform and all-in-one application that allows music artists, investors, and fans from around the world to participate in frictionless NFT transactions, providing users with gamified interactions, investment, and revenue scenarios, including a rhythm game that combines a revenue model and an NFT exchange that offers ample liquidity to users.AvatarDAO is a venture capital community without GP, initiated by well-known investment institutions and entrepreneurs such as crypto OG, ConsensusLab, MintVentures, and K24Ventures. It is 100% owned, governed, and driven by the DAO community, dedicated to creating a borderless, more beneficial Web3 decentralized venture capital fund.

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)

ChainCatcher news, music NFT trading platform Muverse announced the completion of a $6 million seed round financing, with participation from early investors Syndicate Capital, Knights Templar Capital, Zonff Partners, AvatarDAO, Sun Artland Ltd, and BN Blue Fox Limited.The funds from this financing will be used to expand the platform's features and services, accelerate user acquisition, and enhance user experience. The platform is developing its second phase of products, which will include a music NFT exchange, NFT fragmentation features, and AMM pools for its F-NFT / MCT trading.Muverse is a platform that enables the free trading of music NFTs globally, allowing music artists, investors, and fans from around the world to participate in frictionless transactions. The platform offers users a rich, gamified interaction, investment, and revenue scenarios, including a rhythm game that incorporates a revenue model and an NFT exchange that provides ample liquidity for users. (Source link)

ChainCatcher news, the decentralized content publishing platform Mirror has upgraded its NFT embedding feature, allowing users to embed and display PFP, art, and music type NFTs within article content, by simply adding the NFT contract and Token ID. This feature currently supports the Ethereum mainnet, Optimism, and Polygon. (Source link)

ChainCatcher news, Windows media classic player Winamp has announced the release of a new version V 5.9.1, which will support music NFTs on the Ethereum and Polygon chains. Music enthusiasts can link their Metamask wallets to Winamp through Brave, Chrome, or Firefox browsers, supporting audio and video files based on the Ethereum and Polygon blockchains that adhere to the ERC-721 and ERC-1155 standards. (source link)

ChainCatcher news, the official blog of the gaming guild YGG announces that it has partnered with the NFT music creation platform StemsDAO. Through this partnership, YGG members will be able to access the StemsDAO platform, create their own music, and potentially release remixes as NFTs on the platform to earn rewards.It is reported that StemsDAO allows artists to collect Stem NFTs to earn future royalties from new music created using Stems. (source link)

Chain Catcher News: The Recording Academy behind the 64th Grammy Awards has partnered with the music NFT platform OneOf to sign a three-year NFT release plan. The first NFT series will be launched at the 64th Grammy Awards ceremony in October. (Source link)

According to Chain Catcher, OpenSea has partnered with Warner Music Group to attract music fans through NFT drops, as reported by The Block. A press release from Warner Music Group stated that artists signed to the label will have their own pages on OpenSea to enhance fan engagement and build community.Previously, Chain Catcher reported in February this year that Universal Music Group collaborated with the entertainment NFT platform Curio to launch digital assets for the record label. Music streaming giant Spotify announced in May that it would begin trialing NFTs on its platform. (Source link)