3LAU introduces blockchain music platform Royal with $16M raise
The upcoming blockchain-based music investment platform is open to using different blockchain technologies. Electronic dance music producer and DJ Justin Blau, better known by his stage name 3LAU, has officially announced the launch of a blockchain-based music investment platform Royal.The announcement comes in conjunction with the platform raising $16 million in a seed funding round led by crypto-focused investment firm Paradigm and Peter Thiel’s Founders Fund, Forbes reported on Aug. 26.Founded by 3LAU and his college friend JD Ross, Royal is a new platform aiming to enable fractional....
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Main investors include VC giant Andreessen Horowitz, in addition to musical artists The Chainsmokers, Nas, and Disclosure. On-chain music platform Royal has announced a Series A funding round led by venture capital giant Andreessen Horowitz.Royal allows fans to buy music rights via nonfungible tokens (NFTs). Its co-founders, entrepreneur JD Ross and DJ Justin Blau who goes by the stage name 3LAU, announced on Nov. 23 they had closed a $55 million Series A funding, following a $16 million seed round in August. Prominent venture capital firm Andreessen Horowitz, or a16z, led the round.....
Hip-Hop Legend and arguable GOAT Nas sold the rights to two of his songs via a new crypto music platform called Royal. The rapper Nas sold two songs as an NFT; let’s dive into what this means for music rights and cryptos. Related Reading MicroStrategy Is Not Done Buying Bitcoin, CFO Reveals Royal And […]
3LAU is partnering with blockchain platform Origin to launch an auction for the Ultraviolet Vinyl NFT Collection.
NFTs must evolve beyond PFPs and the Metaverse to stay relevant in 2022, and Monstercat CEO Mike Darlington explains that music may be next. Music-based nonfungible tokens are an emerging frontier in the crypto and NFT space, but the first questions that come to mind are: What are they? And what are their utility?Music NFTs are relatively new to the scene and cannot be pinned down by one definition. At the most basic level, however, they are verifiable digital collectibles, with a core component being the integration of a song.One of the first collections was “Audioglyphs,” which cemented....
Crypto influencer and DJ 3LAU has announced an upcoming series of NFTs to commemorate the third anniversary of his 2018 album, Ultraviolet. Famed musician, producer, and Cointelegraph Top 100 awardee 3LAU has announced an upcoming NFT auction celebrating the three-year anniversary of his 2018 album Ultraviolet.The highest bidder will be able to collaborate with 3LAU on a new track.3LAU’s “Ultraviolet Vinyl NFT Collection” is scheduled to be auctioned over two days from Feb. 26 on Origin Protocol’s decentralized e-commerce platform, Dshop.Auction participants will have the chance to bid on....