ChainCatcher news, legendary rapper Snoop Dogg announced that he will no longer use Spotify and is turning to Web3 streaming platforms. It is reported that Snoop Dogg has partnered with Tune.fm to release the single "Spaceship Party," but a spokesperson for Tune.fm declined to disclose further details of the collaboration.

ChainCatcher news, according to Cointelegraph, the Hedera-based Web3 music platform Tune.FM has completed a $50 million financing round, with participation from Global Emerging Markets.This new investment will be used to provide liquidity for the protocol's JAM token, which is used on the platform to reward artists and users. Previous investors in Tune.fm include LDA Capital, Alpha Token Capital, Block Alpha, Animoca Brands, the HBAR Foundation, and GDA Capital.The platform offers a music streaming service integrated with an NFT marketplace. Artists can earn micropayments for every second of music played, while users can earn tokens by discovering and listening to newly promoted songs.

ChainCatcher news, according to Decrypt, the Web3 music platform Stage has completed a $2.4 million funding round, with participation from the Solana Foundation, Kraken US CEO, RR2 Capital, Moonrock Ventures, Cogitent, and others.It is reported that Stage will soon launch the STAGE token on the BNB Chain.

ChainCatcher news, according to reports from Baoliaotai, NetEase Cloud Music Vice President Ding Bo has started his own business in December 2023.It is reported that in 2009, Ding Bo joined NetEase, responsible for music-related content, serving as the chief editor of NetEase Entertainment Center, chief editor of the Music Center, deputy director of the Music Center, and deputy general manager of NetEase Music Division. Information shows that before leaving NetEase Cloud Music, Ding Bo was fully responsible for operational management.According to reports, Ding Bo is dedicated to building a fan-led Web3 music platform, utilizing NFR technology to assetize copyright content, attracting the public to become investors in copyright content, aiming to enhance the financial attributes of digital music copyrights.

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.

ChainCatcher news, the first Web3 music festival hosted by Fansland will be held in Bangkok from May 4 to May 5. The event partners include Fantopia, IME, Neo, Neuroblocks, Hape, BAC Games, LingoAI, NOTHING RESEARCH, Transi, Titan Network, Trip.com, Trekki NFT, OneKey, HPOS10I, IOST, NFTGo, Gonesis, and the NFT special support partner BNB Chain.Currently, confirmed performers include PSY, BKPP, Liu Xianhua, Park Chanyeol, Edison Chen, 24KGOLDN, Gen1es, etc., and the final round of NFT tickets is on sale. So far, Fansland has raised nearly ten million dollars from companies such as IME, Linear Capital, Eleve Capital, and Falablock.The Fansland Web3 music festival is the first international music festival to fully adopt an NFT ticketing system and accept cryptocurrency payments, dedicated to building an AI+Web3 decentralized fan economy infrastructure ecosystem ------ Fansland.AI. By hosting music festivals, NFT Ticketing, and AI virtual idol DEX, it aims to reshape the fan economy model and idol cultivation methods.

ChainCatcher news, the first new fan economy infrastructure platform combining Web3 and AI technology, Fansland, announced that its inaugural Web3 music festival will be held on May 4 and 5 this year in Bangkok, Thailand. The festival aims to provide global fans with an unprecedented real-world Web3 experience by integrating modern Web3 and AI technologies, promoting the practical application of cryptocurrency in real life, and featuring several top global stars to help popularize Web3, with an expected attendance of tens of thousands of music and crypto enthusiasts.Currently, the Early Bird NFT Tickets for the inaugural Web3 music festival sold out in seconds on March 12. The platform has now integrated twelve major public chains, including BNB Chain, Solana, Polygon, Ethereum, Arbitrum, Optimism, Linea, and Avalanche, providing global fans with an unobstructed entry into Web3.

ChainCatcher news, according to official news, the Web3 music sharing platform Sonorus announced a strategic partnership with Linea.

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, Hibiki Run has recently passed the proposal HIP-1 to strengthen project governance and improve the HUT token economy. The proposal aims to address the governance challenges faced by the Hibiki Run community and optimize HUT performance. Hibiki Run has designed a dual-token mechanism, consisting of the utility token HUT and the governance token HBK. However, the HBK token was initially conceived as a governance token and has not been put on-chain, currently serving only as a credit, which limits its governance utility, and the community currently lacks robust governance tools. The HUT token, on the other hand, is already on-chain and transferable. This proposal will temporarily transfer governance rights from HBK to HUT.According to the crypto data platform RootData, Hibiki Run is a music-driven gamified interactive world built for creators and collectors. It completed a million-dollar seed round financing in July this year, with participating institutions and individual investors including Synergis Capital, NEAR Foundation, BitMart, TKX Capital, String Capital, Gravity Venture Capital, Yi Lu (co-founder of Weibo), AAG Ventures, FutureMoney Group, and others.

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.

ChainCatcher news, the Web3 music platform Spinamp has completed a $1.2 million funding round, led by PTC Crypto, with participation from Coop Records, Archetype, NOISE, Fire Eyes DAO, 1kx, and individual investors including Bramanathan (Ideo), DegenDavinci (music NFT collector), Adam Levy (Mint Podcast), David Greenstein (Sound.xyz), Kyle Dhillon (Arpeggi), Mike Perry (Heds), Ramtin Khoee (Heds), Cameron Greer (Heds), and Christina Beltramini (Lens).Spinamp aims to build an aggregator that combines tracks produced across all platforms into a single player and marketplace. It has currently aggregated and indexed music NFTs from Sound, Catalog, Nina, Zora, NOIZD, Lens, Arpeggi, Decent, OpenSea Collections, Songcamp, HedsDAO, Manifold, and over 30 other smaller platforms and artists. (source link)

ChainCatcher news, according to Tech Funding News, the Web3 music creator platform SphereTrax has completed a £250,000 (approximately $306,800) funding round led by Jenson Funding Partners to support its mission of giving creators control over their music. This funding will be used to expand the SphereTrax team.It is reported that SphereTrax, leveraging blockchain technology, allows creators to retain up to 75% of royalties, using Bitcoin SV to support instant payments. SphereTrax is expected to launch on April 1, with over 10,000 tracks available and open for composer applications. (source link)

ChainCatcher news, the Web3 music platform Audius announced that it will integrate TikTok. After the integration, new users of Audius can easily create accounts by linking their TikTok profiles, automatically importing usernames, information, and transferring their TikTok verification status to Audius. Additionally, users can share Audius songs in their TikTok videos.Audius began its partnership with TikTok in August 2021, when the social platform started allowing Audius streamers to upload music to the TikTok app's sound library. (source link)

ChainCatcher news, the Web3 music creation platform Arpeggi Labs is seeking $11 million in funding. According to its filing with the U.S. Securities and Exchange Commission (SEC), Arpeggi Labs has currently raised $9.1 million from 21 investors.Additionally, according to the crypto data platform RootData, Arpeggi Labs completed a $5.1 million seed round, led by a16z, with participation from 1confirmation, Palm Tree Crew, WndrCo Ventures, Steve Aoki, 3LAU, Wyclef Jean, Disco Fries, Electric Feel Ventures, Louis Bell, Joe Zadeh, Audius Foundation, Shayne Coplan, Paul Veradittakit, and Cooper Turley.Arpeggi provides users with a Web3 music creation platform for composing, publishing, and mixing audio, with upcoming updates including the launch of a free browser-based DAW, integration with other Web2 and Web3 music platforms, and the introduction of native social features on the website. (source link)