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 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, 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, according to Music Business Worldwide, the Web3 music platform Public Pressure announced the completion of a new funding round of $6 million, led by digital asset management company Scytale, with participation from Metterblock, HV Capital, and Ethereum & Polkadot co-founder Gavin Wood, Energy Web founder Ed Hesse, among others.It is reported that Public Pressure was established in 2015 and transitioned to a Web3 platform earlier this year, built on the Polkadot blockchain, aiming to drive the music industry towards the Web3 space. It has also established partnerships with major fashion brands, including Diesel. The company is headquartered in London but has offices in Europe, Hong Kong, and the United States. (source link)

ChainCatcher news, according to The Block, Polygon, Warner Music Group, and the e-commerce platform LGND.io are collaborating to launch a multi-year Web3 music project that allows users to play digital vinyl records anytime and anywhere.It is reported that the LGND Music platform will support digital collectibles from any blockchain. This collaboration also includes a partnership with the Dutch electronic music record label Spinnin' Records. After its launch in January next year, the platform will sell its own digital collectibles, allowing users to access special content and experiences from their favorite artists. (source link)

Chain Catcher news, Web3 music platform StemsDAO announced the completion of a $4 million seed round financing, with participation from artists such as RAC and Boys Noize.According to reports, StemsDAO is building a community of musicians using the Web3 social graph protocol Lens Protocol, where they can collaboratively create tracks and release songs in the form of NFTs, allowing each issuer to "fully control and understand their IP and use the IP over time." (source link)